Find out more about our approach to the new regime.
Cryptoasset firms can now apply for authorisation or apply to vary their existing permissions. Applications will need to be submitted via our Connect[3] system.
Read further details about how the gateway will work[4].
In October 2023, the Treasury published detailed proposals[5] for the creation of a financial services regulatory regime for cryptoassets. The proposals were to create new regulated activities for cryptoassets that will require firms wishing to provide associated services in or to the UK to be authorised and supervised by us.
On 4 February 2026, The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026[6] were made by Parliament and will bring cryptoassets within our regulatory remit.
Commencement
The new cryptoasset regime is expected to come into force on 25 October 2027.
Designing the new regime
On 30 June 2026, we published our final rules and guidance[7], which will apply to all cryptoasset firms who have been granted permission to operate under FSMA on or after 25 October 2027.
Over the coming months, we will continue to publish further policy consultations setting out our proposed rules and guidance.
Following consideration of the responses to these consultations, our final rules and guidance will be set out in policy statements ahead of the implementation of the new regime.
Helping firms prepare for the new regime
In order to help cryptoasset firms that are within scope of the new regime but for whom this is the first time they will be regulated by us under FSMA, we have published information on the following that firms should consider familiarising themselves with:
- What you need to do when preparing for the new cryptoasset regulatory regime[8].
- Cryptoasset regulated activities: FSMA and the FCA Handbook[9].
- Cryptoassets: Our standards[10].
- Cryptoasset firms: Authorisation, supervision and enforcement[11].
- Cryptoassets: How the gateway will operate[12].
- Cryptoassets: The transitional provision[13].
- Cryptoasset firms: Use of s.21 approvers[14].
- Cryptoasset firms: Registration under the MLRs ahead of the new FSMA regime[15].
- Cryptoasset perimeter guidance[16]
Webinars
Since the start of the year, we have hosted a series of webinars. You can view our previous webinars and read any accompanying questions and answers:
- Introduction to the UK’s new cryptoasset regulatory framework[17]
- New regime for cryptoassets regulation – Authorisations introductory webinar[18] and questions and answers[19].
- Introduction to anti-money laundering regulations[20] and questions and answers[21].
- Introduction to the Senior Managers and Certification Regime (SM&CR)[22].
- Introduction to operational resilience[23].
- Introduction to Admissions and Disclosures (A&D) and the Market Abuse Regime for Cryptoassets (MARC)[24].
- Introduction to UK Stablecoin Issuance[25].
- Introduction to Regulated Cryptoasset Activities[26].
- Introduction to the Prudential Regime for Cryptoasset Firms[27].
- Introduction to getting authorised under the UK's new cryptoasset regime[28].
- Introduction to applying the FCA Handbook for Regulated Cryptoasset Activities[29].
Keep up to date
In addition to setting out our proposals for the regulation of cryptoassets in the UK, we will be engaging widely to help cryptoasset businesses ensure they are ready for the new regime and that they understand our rules and know how to comply with them.
Once the regime is in place, cryptoasset businesses will need to be authorised by us to do business in the UK and will need to demonstrate that they can meet the standards we set.
If you would like us to contact you with information about cryptoasset publications, events and other relevant material, please register your interest[30].
Contact us
If you have any questions or need further help, please contact us[31].
