FCA crypto rules from October 2027 — what changes for UK consumers
Quick answer: From 25 October 2027, firms conducting regulated crypto activities in the UK must be FCA-authorised, not just AML-registered. Applications open from September 2026. Consumer Duty will require good outcomes for retail customers. Staking, custody and exchange services fall in scope. Offshore firms serving UK customers may need UK authorisation.
Parliament has set October 2027 for a comprehensive FCA crypto regime. Today most crypto is only AML-registered; tomorrow more activities need full authorisation.
Timeline
2026: authorisation applications open, CARF reporting begins. 2027: comprehensive rules take effect. Firms need time to comply — expect communications from your exchange.
What becomes regulated
Trading platforms, dealing, custody, staking-as-a-service, stablecoin activities and more — see FCA new regime pages. Security tokens were already regulated.
Consumer Duty
Firms must deliver good outcomes — clear communications, fair fees, accessible support. FCA guidance GC26/2 explains expectations for crypto.
What it means when buying crypto
You may see stricter onboarding, clearer risk warnings, and fewer unregulated promotions. Protection may improve but FSCS still unlikely for most crypto investments.
Frequently asked questions
Is my current exchange legal after 2027?+
It must be authorised for in-scope activities or stop serving UK customers.