UK regulators may open the application process for cryptocurrency licenses in September 2026.
AI Summary1 min read
TL;DR
The UK FCA plans to open cryptocurrency license applications in September 2026, requiring companies to seek authorization under the Financial Services and Markets Act. Firms missing the deadline will enter a transition period, limiting new product launches.
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UK FCAcryptocurrency licenseSeptember 2026Financial Services and Markets Acttransition period
According to Mars Finance, the UK Financial Conduct Authority (FCA) has hinted that it will open the application channel for cryptocurrency licenses in September 2026. It is understood that cryptocurrency companies operating in or marketing in the UK will need to apply to the FCA for authorization or changes to their licenses under the Financial Services and Markets Act. The regulator stated that companies that miss the approval deadline will enter a transition period, allowing them to fulfill existing contracts but prohibiting the launch of new regulated cryptocurrency products.