UK FCA Finalizes Crypto Rules, Authorization Starts 2026, Effective Oct 2027
2026-06-30 08:51

Woofun AI reports that the UK Financial Conduct Authority has published the final regulatory framework for crypto assets, establishing a mandatory authorization system effective October 25, 2027. The regime encompasses prudential capital rules, market abuse prevention, and stablecoin standards, applying to trading platforms, custodians, lenders, staking providers, and identifiable DeFi entities. Market abuse provisions prohibit insider trading and manipulation, while stablecoin issuers must adhere to reserve backing and disclosure requirements, with capital needs reduced from 2% to 1%. Authorization applications will be accepted from September 30, 2026, to February 28, 2027, with pre-application support beginning in July. Existing anti-money laundering registrations do not convert automatically, requiring entities to seek new authorization.

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