FCA opens authorisation gateway for UK crypto firms, sets 28 February 2027 deadline

The FCA has opened applications for crypto firms seeking authorisation under the UK's new regulatory regime. This segment covers the two dates that matter, the four standards firms are assessed against, and the transitional position for applicants awaiting a decision when the regime goes live. If you advise a crypto business with UK exposure, the clock has started.

• Crypto firms can apply for FCA authorisation from 30 September 2026; those continuing to operate should apply by 28 February 2027, before the regime starts on 25 October 2027.
• Authorisation is assessed against four standards: consumer protection, safeguarding of customer assets, market integrity and financial resilience; firms that fall short will not be authorised.
• Firms applying within the window may keep providing services, including new business, if no decision is made before the regime takes effect.