The UK Financial Conduct Authority (FCA) just rolled out its rulebook for digital asset players. Crypto companies can start filing for licenses on September 30, 2026, with the new regulatory regime officially kicking in on October 25, 2027. The FCA is urging firms to get familiar with the new guidelines now.

What’s Covered Under the New Regime?

The document spells out the main areas the FCA will keep tabs on:

  • Issuing stablecoins that meet set standards;
  • Running crypto exchanges;
  • Facilitating digital asset transactions;
  • Crypto custody services (holding digital assets for clients).

Who Needs a License?

A range of market players will need the green light from the regulator. Any company working in these areas will have to check how their operations fit with the new rules and get ready for the licensing process within the set deadlines.

Timeline and What to Do Now

There are two big dates to watch: license applications open September 30, 2026, and the regime goes live October 25, 2027. The FCA is telling the industry to dig into the guidance early so they can prep their docs and update their workflows to stay compliant down the road.