A clear date now marks the next dividing line for the UK crypto industry. The Financial Conduct Authority (FCA) has opened applications for crypto firms to seek authorization, with a deadline set for February 28, 2027.
According to The Block, this means crypto companies operating in the UK are about to face re-vetting under a new regulatory framework. Firms that previously operated under looser rules will now need to go through the application and review process again in order to keep operating legally once the new regime takes effect.
For now, that's all that's publicly known: the application window is open, with a deadline set for February 28, 2027. The specific review criteria under the new framework, the scope of business it will cover, and the actual impact on existing firms all remain to be detailed by the FCA.
