#UKBanksCanNowApplyToConductCryptoAssetBusiness 🇬🇧 British banks have been given the opportunity to apply to work with cryptoassets.
The UK financial regulator, the FCA, has opened a process for wholesale banks to expand their permissions for cryptocurrency activities. This includes, in particular, custody of digital assets, trading platforms, stablecoins, and other crypto services.
Banks are advised to submit applications by February 28, 2027. The new regulatory regime is expected to be fully operational from October 25, 2027.
In my view, this is an important signal for the entire crypto market. Traditional finance is no longer just observing digital assets, but is gradually preparing to work with them within the official system.
And if large banks start entering this sector more actively, competition and trust in the crypto industry could grow noticeably.
#Crypto #UK #bitcoin #Regulation $INIT
$ADA
$XLM
The UK financial regulator, the FCA, has opened a process for wholesale banks to expand their permissions for cryptocurrency activities. This includes, in particular, custody of digital assets, trading platforms, stablecoins, and other crypto services.
Banks are advised to submit applications by February 28, 2027. The new regulatory regime is expected to be fully operational from October 25, 2027.
In my view, this is an important signal for the entire crypto market. Traditional finance is no longer just observing digital assets, but is gradually preparing to work with them within the official system.
And if large banks start entering this sector more actively, competition and trust in the crypto industry could grow noticeably.
#Crypto #UK #bitcoin #Regulation $INIT
$ADA
$XLM
