UK FCA Consults on Crypto Rules Ahead of 2027 Implementation

The Financial Conduct Authority (FCA) in the UK has initiated a consultation on guidance for its upcoming crypto regime, with the framework scheduled to be implemented on October 25, 2027. The FCA is soliciting industry feedback to help companies understand the implications of the new rules, with the consultation period closing on June 3, 2026. The guidance will cover key areas such as stablecoin issuance, crypto trading, custody, and staking, aiming to foster a competitive and sustainable cryptoasset sector where UK consumers are protected and can make informed decisions. This consultation follows previous rule consultations by the FCA since late 2025, addressing trading platforms, intermediaries, prudential standards, market abuse, and handbook application to crypto firms. Currently, crypto in the UK is only partially regulated, primarily concerning financial promotions and Anti-Money Laundering (AML) regulations. Companies can begin applying for authorization under the new regime as early as September 2026, with the application period expected to run until February 2027. Importantly, existing registrations under Money Laundering Regulations (MLRs) or payment frameworks will not automatically grant authorization under the new regime; all firms offering regulated crypto asset services in the UK must be authorized under the Financial Services and Markets Act (FSMA).

(Source：Cointelegraph)