UK's FCA Opens Crypto License Applications, Sets Feb. 28 Deadline for Existing Firms
- —FCA began accepting crypto license applications on Wednesday
- —Existing firms must apply by Feb. 28, 2027
- —New regime takes effect on Oct. 25, 2027
- —Applicants judged on consumer protection, asset safeguarding, market integrity and financial resilience
Why it matters: The UK is bringing crypto firms under full FCA oversight, and firms that miss the deadline will lose access to the market.
Source: Unchained