The Financial Conduct Authority opened applications on September 30 for cryptocurrency companies planning to continue operating in the United Kingdom. Applicants must submit their applications by February 28, 2027, ahead of the new regime taking effect on October 25, 2027. They will need to demonstrate compliance with requirements covering safeguarding, market integrity, consumer protection and financial resilience. Commercial consequences could begin this autumn as platforms prepare funding, staff, systems and applications while continuing to serve customers. However, submitting an application does not mean authorisation has been granted, and approval obtained in another country does not automatically satisfy the FCA.
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