UK’s FCA opens crypto firm applications under new regulatory framework

The UK’s Financial Conduct Authority (FCA) has opened the application process for cryptocurrency firms seeking authorization under its new regulatory framework. The process, which began on September 30, 2026, requires existing firms to submit their applications by February 28, 2027. This new regime, set to take effect on October 25, 2027, marks a shift from the previous model focused on money laundering regulations to a more comprehensive authorization system. The changes are expected to impact firms offering services such as platforms, custody, and staking within the UK. While prior registration for Money Laundering Regulations does not automatically convert into FCA authorization, firms that apply within the designated window may continue operations while their applications are reviewed. Key Takeaways The FCA’s acceptance of applications suggests a shift towards more comprehensive regulation of crypto activities in the UK. This regulatory progress appears to align with market sentiment that may support XRP reaching a new all-time high by the end of 2026. The term structure for XRP market predictions reflects a potential catalyst in the closing months of 2026. What to Watch Market...