UK To Fully Regulate Crypto Firms By 2027, FCA Licensing Opens In 2026
The UK government is set to implement a comprehensive regulatory framework for cryptocurrency firms by October 2027, bringing them under the same oversight as traditional financial institutions. The Financial Conduct Authority (FCA) will oversee the new regime, aiming to enhance market safety, transparency, and credibility.
Starting September 2026, the FCA will open a licensing "gateway" for crypto firms to apply for approval. This one-year window allows businesses to prepare for compliance before the rules take full effect. Existing anti-money laundering (AML) or payment registrations will not automatically carry over—firms must reapply under the new framework.
The MOVE signals the UK's commitment to fostering a regulated yet competitive crypto ecosystem. By aligning digital assets with conventional finance, the government seeks to mitigate risks while encouraging institutional participation.
