The UK Financial Conduct Authority (FCA) officially confirms that the licensing application window for crypto asset-related institutions will open in September 2026. This means that all businesses involved in crypto activities need to complete their authorization applications in accordance with the requirements of the Financial Services and Markets Act (FSMA) before the new regulatory framework takes effect in October 2027.

It is particularly important to note that existing anti-money laundering registrations or payment licenses cannot be transferred directly. Institutions must reapply or modify their existing license scope. Companies that fail to obtain approval on time will enter a longer transition period. During this phase, they can only maintain their current level of business, and new services will be strictly restricted. This change will have a profound impact on the overall landscape of the UK crypto market.