ChainCatcher report: According to the FCA website, the UK Financial Conduct Authority (FCA) has issued new guidance on cryptocurrency asset regulation to help businesses understand the scope and authorization requirements of the UK’s upcoming cryptocurrency asset regime. The regime will take effect on October 25, 2027, with the authorization application window opening on September 30, 2026. The guidance covers activities including issuing eligible stablecoins, operating cryptocurrency asset trading platforms, trading and matching, cryptocurrency asset custody, and staking arrangements. David Geale, Executive Director at the FCA, stated that this guidance aims to provide clarity so businesses can confidently prepare for regulation. The government has also made targeted amendments to relevant legislation, introducing certain exemptions and further clarifying specific technology service providers. The FCA will launch a dedicated consultation in October on these legal changes, covering topics such as eligible stablecoins, proprietary trading and market making, decentralized protocols, and financial promotions.
FCA Releases New Crypto Asset Regulatory Guidance, Authorization Applications Open in 2026
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Summary
The UK’s FCA has released new guidance on crypto asset classification, outlining the scope and authorization requirements for the upcoming regulatory framework. Authorization applications will open on September 30, 2026, with the system becoming effective on October 25, 2027. The guidance covers eligible stablecoins, trading platforms, custody services, and staking. A regulatory crackdown is anticipated, as the FCA plans to launch a consultation in October on proposed legal changes addressing market making, decentralized protocols, and financial promotions.
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