Original sourceUnchainedAdditional: CoinVamp
Summary
The UK published new rules defining which crypto activities require FCA authorization, while the Treasury simultaneously drafted amendments to exempt some GBP stablecoin payments. The FCA's final guidance lists activities requiring authorization, including issuing qualifying stablecoins, operating…
Key points
- Crypto firms operating or planning to apply in the UK can use this to determine whether their activities require FCA authorization and the timing of the transitional window.
- The UK is both clarifying authorization scope and opening stablecoin payment exemptions, which will determine whether firms can complete transition before the regime starts in 2027.
- Crypto platforms, custody, and staking firms must apply for transition starting end-September 2026, with existing registrations not automatically converting; stablecoin transfers and exchanges are exempt, while lending remains regulated.
Editorial note
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