
The UK's Financial Conduct Authority has opened its crypto authorization gateway as of September 30, letting firms apply for licenses covering stablecoin issuance, trading, custody and staking within a five-month application window ending February 28, 2027. The full regime launches in October 2027, replacing the UK's light-touch approach with a formal framework combined with active enforcement. The opening follows years of legislative development and recent raids on peer-to-peer crypto hubs as the regulator signals a tougher stance.
CoinDesk