Update
UK Crypto Firms Must Adapt to New Regulations
UK crypto firms have until February 28, 2027 to adapt to stricter regulations under the Financial Conduct Authority's new regime, which takes effect on October 25, 2027. The new regime, under the Financial Services and Markets Act (FSMA), emphasizes consumer protection and market integrity, requiring firms to meet a wider set of criteria than before. Existing registrations under the Money Laundering Regulations do not automatically convert into FSMA authorization, and firms must either apply from scratch or modify existing permissions to fit the new framework.