The FCA published perimeter guidance for crypto firms on September 30, 2025, two weeks before the authorization window opens on the same day. The application window runs from September 30, 2025 to February 28, 2027, and the regulatory regime takes full effect on October 25, 2027. Overseas firms dealing with, arranging or safeguarding cryptoassets for UK retail customers fall within scope, with no overseas persons exclusion available. Missing the February 2027 deadline strips firms of the statutory transitional cover that allows them to keep operating while the FCA assesses their application. The Bank of England simultaneously replaced individual holding caps with a 40 billion pound issuance limit for systemic stablecoins.
Source: Read the original article
