The FCA will open applications for crypto firms on September 30, with a February 28, 2027 deadline for transitional arrangements ahead of the new regime taking effect on October 25, 2027. Parliament approved regulations bringing cryptoassets within the FCA’s regulatory remit in February, while the regulator finalized a package of rules and guidance in June. The House of Lords also voted 194-138 to add an amendment requiring the Treasury to develop a digital asset strategy within 12 months of the bill becoming law. The FCA and the Bank of England plan to publish a roadmap for tokenization in wholesale financial markets later this year.
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