Techub News message: The UK Financial Conduct Authority (FCA) has announced that, starting from September 30, cryptocurrency firms may apply for regulatory authorization. The UK crypto industry will be comprehensively included in FCA oversight for the first time. The regulatory standards cover consumer protection, safeguarding of client assets, market integrity, and financial resilience. Firms planning to continue operating in the UK should submit their applications by February 28, 2027. The new regulatory regime will take effect on October 25, 2027. Authorization is not automatic; firms must demonstrate that they meet FCA requirements. (Wu Shuo Blockchain)
