UK FCA New Regulations: Crypto service providers must be approved by 2027; severe consequences for missing the reporting deadline

TokenomicsTrapper · 2026-01-09T09:58:16+00:00

The UK financial regulatory authority FCA has issued a notice requiring all crypto asset service companies to complete full authorization by October 2027. The application window will open in September 2026, and companies that do not apply on time will be unable to develop new products and will face restrictions on business development. This new regulation will have a significant impact on the crypto industry.

TokenomicsTrapper

2026-01-09 09:58:16

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【Blockchain Rhythm】The UK financial regulatory authority FCA recently issued an important announcement, setting a hard deadline for the entire crypto industry. According to the announcement, all companies providing crypto asset services in the UK must complete full authorization before the new regulations officially take effect in October 2027.

The timeline is as follows: FCA plans to open the application window in September 2026, meaning that starting from September next year, relevant companies will need to prepare materials and submit authorization applications to the FCA. This is not optional but a mandatory requirement—any company wishing to operate crypto services legally in the UK cannot bypass this step.

A key detail is: institutions already registered under anti-money laundering regulations should not expect to simply switch their status; their qualifications will not automatically upgrade. They will need to go through the full authorization process again from the beginning.

Even more severe are the penalty clauses. If companies miss the application deadline, after the new regulations come into effect, they will be locked into transition period restrictions—only able to maintain existing business, with a complete ban on developing new products and expanding new services. This is equivalent to freezing growth potential, which will be a significant blow to business development.

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ser_we_are_ngmi

· 1h ago

The FCA's approach in the UK is quite tough, but to be honest, the crypto industry has long needed regulation. Wait, restart the authorization process? Doesn't that mean the previous whitelist was all for nothing? By 2027, how many small exchanges will be forced out... Now, big platforms are taking advantage of small players. Those who don't take action before September next year are probably going to be out of the game.

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SellTheBounce

· 01-10 11:05

Another hard deadline... This time it's the UK. How many of these "must" have we experienced in previous years, and what was the result? Delays, exemptions, and ultimately chaos. But this time, the FCA seems to be really cracking down. They opened a window in September 2026, and old qualifications can't be directly converted. Basically, everyone has to start queuing from scratch, and those trying to cut corners are now getting anxious. History has shown me that the stricter the regulation, the more likely the market is to fall. Anyway, being caught in a trap is just right.

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MechanicalMartel

· 01-09 10:28

Another hard deadline, the crypto world never ends --- Starting to submit materials in September 2026? The pace is a bit tight --- Haha, the previous registration doesn't count, gotta start over again, this routine --- The UK is digging a pit for small platforms --- Missing the deadline directly locks it in, FCA really dares to play --- So how many projects can really be completed on time... --- Thinking of entering the UK market again in 2027? Probably too late --- Compliance costs have gone up again, how can small and medium exchanges bear it --- FCA's move is ruthless, leaving nearly two years of buffer for the industry but still a bit tight --- The old anti-money laundering brands also have to start from zero, isn't this bullying?

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RektButAlive

· 01-09 10:27

Another deadline, this time it's the UK, applications must be submitted by September 2026. Another deadline, the UK is tightening the net... If not sorted out before 2027, it's game over. FCA is serious this time, if you miss the deadline, they'll lock you out with no room for negotiation. Reapplying? It's a straight rejection, they won't recognize old licenses either... The UK is tightening its regulations, won't other places be far behind?

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NFT_Therapy_Group

· 01-09 10:18

New regulations are coming again. The UK is also getting serious. If you don't get it done by 2027, you'll be out. Applications must start by September next year. It feels like the industry isn't given much time. They say that even if you've registered before, it doesn't count; you have to start over. This approach is indeed a bit harsh. If you miss the申报期, the consequences will be very painful... You need to keep a close eye on this date. Why does it seem like more and more countries are imposing legal frameworks on crypto? This time, the UK really has no room for negotiation. The hard deadline has been set. Compliance costs will likely increase again, making it even harder for small businesses. But in the long run, regulation is good. It's better than always being in a gray area. Get ready and prepare your materials. You need to act by September 2026. This kind of mandatory authorization system somewhat resembles market cleansing. Anyway, projects in the UK need to prepare in advance.

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