Quick Answer: The Financial Conduct Authority (FCA) opened its crypto authorisation gateway on 30 September 2026. Firms that plan to carry out regulated crypto activities in the UK can now apply. The main application window closes on 28 February 2027. The new regime starts on 25 October 2027.
The UK has taken another big step towards full crypto regulation.
Since 30 September 2026, crypto businesses can apply to the FCA for authorisation under the new regime. Firms the FCA already authorises can also apply to vary their permissions if needed. All applications go through the FCA Connect system.
The change brings crypto firms closer to the standards that already apply across regulated financial services. The FCA says the new framework will cover consumer protection, safeguarding, market integrity and financial resilience.
Who Does the New FCA Gateway Apply To?
The new rules apply to businesses that carry out, or plan to carry out, regulated crypto activities in the UK.
That can include firms that handle:
- Qualifying stablecoins
- Cryptoasset safeguarding
- Trading platforms
- Dealing in or arranging crypto transactions
- Arranging cryptoasset staking
The rules may also affect overseas firms that serve UK consumers. Start by checking whether your activities fall inside the new FCA regulatory perimeter. Then work out which permissions you may need, and whether your current crypto tax reporting already reflects the activities you carry out.
Why Does 28 February 2027 Matter?
The FCA application period runs from 30 September 2026 to 28 February 2027. Existing firms that submit an eligible application in this period may be able to use the government’s saving and transitional provisions while the FCA reviews their case. Certain conditions apply. The date matters because the full crypto regime starts on 25 October 2027.
If you apply after the window closes, you can’t rely on the same saving provisions. Depending on your situation, you may need to stop regulated activities until the FCA grants authorisation.
If you don’t plan to apply, you must wind down your UK crypto business before the new regime starts. Carrying on regulated activity without the right permission could breach the Financial Services and Markets Act.
Does Your Existing MLR Registration Carry Over?
No. If you are already registered under the Money Laundering Regulations (MLRs), don’t assume your registration will transfer.
The FCA has confirmed that existing registrations and permissions will not convert automatically into authorisation under the new regime. If your activities fall inside the new perimeter, you need the relevant FSMA authorisation, and it’s worth reviewing your wider AML compliance position at the same time.
What Should Crypto Businesses Do Now?
First, find out if the new regime applies to you and which FCA permissions you may need.
Then start reviewing the evidence a complete application needs:
- Your business model
- Your financial information
- Your governance arrangements
- Your systems and controls
The FCA advises firms to apply early and not wait for the end of the window. If the rules are unclear for your business, the FCA also recommends independent legal or compliance advice.
How Can Lanop Help With FCA Authorisation Preparation?
Getting ready for FCA authorisation takes more than filling in a form. You may also need clear financial records, reliable forecasts, the right company structure and an accurate view of your tax position.
Lanop Business & Tax Advisors supports crypto and fintech businesses with accounting, financial reporting, tax planning, business structuring and financial preparation as they get ready for the new rules.
The gateway is open, and the 28 February 2027 window is already running. Use the coming months to check your position and prepare early. Contact Lanop today to start preparing your FCA authorisation application.
