The Financial Conduct Authority (FCA) has published its final rules for cryptoasset firms, setting out the regulatory framework that will apply to businesses operating in the UK from October 2027.
Under the new regime, crypto trading platforms, custodians, intermediaries, stablecoin issuers and firms offering staking services will be required to obtain FCA authorization to operate in the UK.
The rules introduce capital and financial resilience requirements, including stress testing, alongside measures aimed at tackling market abuse such as insider trading and market manipulation.
The FCA has also established a dedicated framework for stablecoins, with requirements covering governance, financial resilience and operational standards. Following industry consultation, the regulator said it simplified parts of the regime, including capital requirements for stablecoin issuers and certain trading rules.
Firms will be able to apply for authorization between September 30, 2026, and February 28, 2027. The FCA will also begin offering pre-application support meetings from July to help firms prepare for the new licensing process.
The UK’s crypto regulatory framework was established after legislation passed in February 2026 expanded the FCA’s remit to cover cryptoasset activities. Until the new regime takes effect on October 25, 2027, the regulator’s oversight of the sector will remain focused on financial promotions and anti-money laundering compliance.
