The UK Financial Conduct Authority seeks feedback on the 2027 crypto regulatory framework

ME News Report, April 15 (UTC+8), the UK Financial Conduct Authority (FCA) announced that it is seeking industry feedback on proposed guidance for the future UK crypto asset regulatory framework to facilitate the implementation of a comprehensive regulation set to take effect on October 25, 2027. According to the announcement, this consultation will run until June 3, 2026, aiming to help businesses understand the impact of the new rules on their operations and to provide compliance guidance for key areas such as stablecoin issuance, crypto trading, custody, and staking. FCA stated that it hopes to establish a “competitive and sustainable” crypto market, enabling compliant institutions to better serve UK users. FCA also disclosed that the application process for authorization of related crypto firms is expected to open in September 2026 and will remain open until February 2027. All institutions providing crypto asset services will need to be authorized under the Financial Services and Markets Act (FSMA) in the future, even if they are already registered under the anti-money laundering framework, which does not automatically grant exemption. This guidance consultation is seen as an important step in the UK’s gradual improvement of its crypto regulatory system, marking an accelerated transition from partial regulation to a comprehensive licensing regime. (Source: ChainCatcher)