The UK Financial Conduct Authority has published guidance two weeks before the country’s crypto authorization window opens. The framework will apply not only to UK-based firms but also to overseas businesses serving retail customers in the UK, according to Decrypt. Firms affected by the rules will need to secure authorization to operate under the new regime. However, the framework will not immediately allow trading under the new requirements: no one will trade under the rules before October 2027. The timing gives market participants an early view of the regulatory process ahead of the application window, while the eventual start of trading remains more than a year away. The development is relevant to crypto-market businesses and investors monitoring the UK’s approach to oversight, particularly firms with direct or cross-border retail exposure.
