UK FCA outlines crypto authorization requirements ahead of September window

The UK Financial Conduct Authority has issued guidance on which crypto-related activities may require authorization as firms prepare for the country’s incoming digital asset regulatory regime. The guidance arrives ahead of an application window opening in September, giving businesses a framework to assess whether their operations could fall within the future authorization requirements. The FCA’s announcement is relevant to companies involved in crypto services, although the supplied guidance does not specify individual activities or provide details on the application process. Market participants are watching the regulatory preparations as the UK moves toward a formal framework for digital assets. The development may be relevant to crypto assets and projects whose operators could be affected by the scope of the new regime, including CATI, OMI, NES, ASSET, REQ and WIN. The information was reported by Cointelegraph.