UK FCA Issues Crypto Authorization Guidance Ahead of New Regime
The guidance covers stablecoins, trading platforms, custody and staking, and firms will need FCA authorization or a variation of permission.
- Despite the Financial Conduct Authority's upcoming crypto regulatory regime, nine of the top 10 UK retail banks maintain blanket restrictions on payments to digital asset exchanges.
- The new framework, set to begin October 25, 2027, establishes standards for crypto businesses but does not compel banks to lift their existing payment limits.
- Roughly 40% of attempted payments from British banks to crypto exchanges are blocked or delayed, with major lenders HSBC and Santander imposing specific daily transaction caps.
- The FCA's authorization gateway opens on September 30, allowing firms to apply for permission to operate under the new rules until the February 28, 2027, deadline.
- HM Treasury maintains that banking decisions remain commercial in nature, though lawmakers have urged major banks to explain policies that could hinder firms preparing for the 2027 regime.
31 Articles
31 Articles
UK Tells Crypto Firms Who Needs a License as Treasury Moves to Exempt UK Stablecoin Payments
The Financial Conduct Authority published final guidance on which crypto activities need its authorization, and said it will consult on changes after Treasury drafted exemptions for UK stablecoin payments and some DeFi interfaces.
FCA sets out how crypto regime applies ahead of gateway
Policy Statement PS26/18 names five regulated activities and confirms existing registrations will not convert automatically, with the authorisation window opening on 30 September 2026. The Financial Conduct Authority (FCA) published guidance on 16 September 2026 setting out how the law underpinning the UK’s incoming cryptoasset regime applies to firms and which of their activities will […]
New Guidance For Crypto Firms From the FCA
The latest update from the FCA; New guidance from the Financial Conduct Authority (FCA) will help firms understand how the law underpinning the UK’s future cryptoasset regime applies to their business. It also sets out [...] The post New Guidance For Crypto Firms From the FCA appeared first on .
FCA digital asset guidance: what firms must do before 2027
The Financial Conduct Authority has published new guidance designed to help firms understand how existing law will apply to their operations under the future framework. The guidance clarifies which activities are likely to require FCA authorisation once the regime takes effect, covering areas such as the issuance of qualifying stablecoins, the operation of cryptoasset trading […]
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