#UKAlgorithmicCryptoTradingAppsMayNeedFCAAuthorization
🇬🇧 UK Crypto Apps That Pick Trade Routes May Need an FCA License
📅 The FCA published draft perimeter guidance (CP26/36) on Oct 21
⚠️ Apps whose algorithms choose venues or routes by price, liquidity, cost or speed may be "arranging deals" in crypto, a licensed activity
🔍 Red flags include changing user instructions, setting execution timing and promising best execution
✅ A plain interface that only passes instructions to a third-party platform or DeFi protocol may fit the technical-services exclusion
🤖 Automating the decision does not exempt the developer or operator
📅 Comments close Nov 18, applications are due by Feb 28, 2027, and the regime starts Oct 25, 2027
What it means for crypto: DeFi aggregators and trading bots serving UK users may need a license or a redesign, which adds cost but also clearer rules. Bitcoin is near $80.8K, down about 1.1% in 24 hours.
Should routing algorithms need a license? 👇
$BTC $ETH #CryptoNews #FCA #DeFi #UKAlgorithmicCryptoTradingAppsMayNeedFCAAuthorization