The United Kingdom has moved closer to full crypto oversight after regulators published new operational guidance.
The guidance explains how firms can access the country’s upcoming crypto-asset regulatory regime.
The framework was issued by the Financial Conduct Authority as part of wider financial reforms.
The rules clarify how crypto businesses must apply to continue serving customers in the UK.
All firms conducting regulated crypto-asset activities will require authorisation under the Financial Services and Markets Act 2000.
This requirement applies to both new applicants and firms already operating in the market.
Companies registered only under existing anti-money laundering rules will not receive automatic approval.
Those firms must submit a full application for authorisation before the new regime begins.
Firms already authorised under financial services law must also update their permissions to include crypto activities.
The regulator confirmed that transitional arrangements will apply during the shift to the new framework.
A formal application window will open before the regime officially comes into force.
The application window is expected to begin in September 2026 and remain open for at least 28 days.
Applications submitted during this period are expected to be assessed ahead of the launch date.
The authority plans to release further operational details through official directions on its website.
To support compliance, information sessions will be offered to explain regulatory expectations.
These sessions will cover application standards, supervision principles, and ongoing obligations.
Firms can also request optional pre-application meetings with the regulator at no cost.
The pre-application service allows companies to discuss business models and reduce submission risks.
Marketing rules under the new framework will become stricter for crypto promotions.
Firms will need to ensure financial promotions meet higher consumer protection standards.
The regulator said the regime aims to balance innovation with market integrity and safety.
Officials stressed that preparation during the transition period will be critical for uninterrupted operations.
The framework forms part of the UK’s broader plan to position itself as a regulated crypto hub.