UK FCA releases new crypto licensing timetable, companies can apply for authorization starting next year

【ChainNews】UK Financial Regulation Takes New Action. The UK Financial Conduct Authority (FCA) has recently released a new licensing timetable for Crypto Asset Service Providers (CASPs)—businesses wishing to legally offer crypto services in the UK must follow the new process.

What are the specific arrangements? This fall, CASPs can start preparing. By September 2026, the official application channels will open. Companies need to submit their applications within the designated application window (at least 28 days, and no later than 28 days before the new regime starts on October 25, 2027). FCA aims to complete the review before the new regime takes effect.

It’s worth noting that whether you registered under the previous Anti-Money Laundering Regulations or obtained a crypto company license through the Payment Framework, after October 25, 2027, all must be authorized by the FCA under the Financial Services and Markets Act (FSMA). Companies already authorized for other FCA activities must also update their permissions before the new regime begins. Crypto companies relying on other authorized firms for financial promotion must also apply directly to the FCA for authorization to promote products.

Additionally, there is a transition period. Companies that miss the application window or have not obtained authorization when the new regime takes effect can apply for an evaluation period to continue operating existing products. However, they cannot launch new products. Late applications are also accepted, but FCA review times may be extended.

This set of new regulations essentially establishes the regulatory framework for the UK crypto market, providing businesses with a buffer and transition period, while also setting a clear final deadline. For crypto service providers aiming to deepen their presence in the UK market, this is a clear timetable—time to get moving.