FCA: Crypto lending will not be a separate activity in the UK
- —Crypto lending may require permissions for dealing, arranging deals, or custody
- —FCA authorisation window: 30 September 2026 to 28 February 2027
- —Full regime takes effect on 25 October 2027
- —Existing AML registrations do not automatically convert into authorisation
Why it matters: UK crypto firms must assess in advance which FCA permissions they need, or they will be unable to operate under the new regime.
Source: The Coin Republic