Odaily Planet Daily reports that the UK Financial Conduct Authority (FCA) has released the final draft of its cryptoassets framework. The new regulations aim to bring most crypto activities under the regulatory scope of the Financial Services and Markets Act by October 25, 2027. Under the proposal, any entity holding customer cryptoassets for more than 24 hours or possessing the ability to revoke customer access will be classified as a regulated custodian and must obtain a full safeguarding license. Validators and node operators providing value-added services such as yield or reward reinvestment will lose their technical exemption. Additionally, stablecoin issuers operating in the UK must control the entire lifecycle from issuance to redemption. Relevant entities must submit authorization applications between September 30, 2026, and February 28, 2027.
UK FCA Publishes Final Draft of Crypto Asset Framework
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Summary
The UK Financial Conduct Authority (FCA) has published the final draft of its crypto asset classification framework, which includes measures for CFT compliance. The rules, effective October 25, 2027, bring most crypto activities under the Financial Services and Markets Act. Custodians holding assets for more than 24 hours must obtain full protection licenses. Validators offering services such as reward reinvestment lose their technical exemptions. UK stablecoin issuers must manage the entire lifecycle. Authorization applications must be submitted between September 30, 2026, and February 28, 2027.
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