🇬🇧 The UK is drawing a clearer line around offshore crypto platforms.
The FCA says crypto firms based outside the UK could still fall under UK authorization rules if they provide services to British consumers.
From October 25, 2027, exchanges, custodians and staking providers may need FCA approval depending on how UK users access their services.
This is bigger than just another regulation update. It shows regulators are increasingly focusing on where the customer is, not only where the company is registered.
For crypto platforms, global access may increasingly come with local compliance requirements.
#Crypto #Bitcoin #Regulation #Blockchain #BTC☀️
The FCA says crypto firms based outside the UK could still fall under UK authorization rules if they provide services to British consumers.
From October 25, 2027, exchanges, custodians and staking providers may need FCA approval depending on how UK users access their services.
This is bigger than just another regulation update. It shows regulators are increasingly focusing on where the customer is, not only where the company is registered.
For crypto platforms, global access may increasingly come with local compliance requirements.
#Crypto #Bitcoin #Regulation #Blockchain #BTC☀️
