The UK’s FCA has set out a clear timeline for wholesale banks to enter the crypto market: eligible banks can now submit variation of permission (VoP) applications to conduct regulated cryptoasset business; applications are recommended to be submitted by 28 February 2027.
Those who wait until just before the new regime takes effect on 25 October 2027 will fall under transitional arrangements. They will be able to service existing contracts only, and will not be able to enter into new contracts with UK clients, significantly limiting their commercial flexibility.
Meanwhile, the FCA and the Bank of England will jointly publish a wholesale market tokenisation roadmap, building on the previous consultation and feedback statement to set out a clear timeline for tokenisation work. For institutions, this is not just a signal about whether they can proceed; it also sets out the compliance window and the order in which to put their business plans into action.
#英国FCA #加密监管 #Tokenization
Those who wait until just before the new regime takes effect on 25 October 2027 will fall under transitional arrangements. They will be able to service existing contracts only, and will not be able to enter into new contracts with UK clients, significantly limiting their commercial flexibility.
Meanwhile, the FCA and the Bank of England will jointly publish a wholesale market tokenisation roadmap, building on the previous consultation and feedback statement to set out a clear timeline for tokenisation work. For institutions, this is not just a signal about whether they can proceed; it also sets out the compliance window and the order in which to put their business plans into action.
#英国FCA #加密监管 #Tokenization