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ARTICLE · 28 APRIL 2026

FCA Consults On Perimeter Guidance For Cryptoasset Activities

Lewis Silkin
Lewis Silkin
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Lewis Silkin

Lewis Silkin

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The Financial Conduct Authority has opened consultation on proposed guidance that will clarify when firms need authorization for cryptoasset activities under new regulations taking effect in October 2027.

United KingdomTechnology
Wendy Saunders
Wendy Saunders
Helen Hart
Helen Hart
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The FCA has published a consultation paper (CP) on proposed guidance clarifying the scope of the new regulated cryptoasset activities introduced by the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (the Cryptoasset Regulations). The consultation closes on 3 June 2026.

From 25 October 2027, the Cryptoasset Regulations will bring new regulated activities for cryptoassets within the FCA's regulatory perimeter. Those carrying on these regulated cryptoasset activities by way of business in the UK will require FCA authorisation. Authorised firms will be subject to the rules and guidance in the FCA Handbook (once finalised).

The CP sets out the FCA's proposals to clarify the scope of the new regulated cryptoasset activities and when permission is needed, and should be considered alongside the FCA's other recent consultations on proposed rules for the new cryptoasset regime.

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