UK Unveils Comprehensive Crypto Rules With Mandatory Authorization by 2027

The UK's FCA published its most comprehensive crypto regulatory framework yet, covering trading platforms, custodians, stablecoin issuers, and DeFi firms. Mandatory authorization takes effect in October 2027.

• Crypto firms must meet capital requirements, run annual stress tests, and comply with market abuse rules covering insider trading and manipulation.
• Stablecoin issuers got concessions: capital requirement cut to 1% of token value (down from 2%) to stay competitive with EU MiCA and US rules.
• Existing anti-money laundering registrations will not convert to authorization; firms must apply fresh under the new regime.
• The framework covers trading platforms, custodians, stablecoin issuers, lenders, staking firms, and some DeFi entities with identifiable controllers.
• The UK aims to position itself as a global crypto hub with rules that balance innovation and consumer protection.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.