UK seeks industry feedback on crypto regulations set for 2027

The UK's Financial Conduct Authority (FCA) has begun seeking industry feedback on its virtual asset regulatory framework, which is set to take full effect in October 2027, Cointelegraph reported. The guidance outlines clear requirements for key market services, including stablecoin issuance, exchange operations, asset custody, and staking. The FCA plans to accept feedback until June 2026 and will begin processing new license applications in September of that year. As existing firms registered for Anti-Money Laundering (AML) will also need separate authorization under the new Financial Services and Markets Act (FSMA), businesses operating in the UK are expected to face a significant regulatory overhaul.