The FCA opened consultation on the UK's crypto regulatory framework, which is set to take full effect in October 2027. The framework sets requirements for stablecoin issuance, exchange operations, asset custody, and staking. The FCA will accept feedback until June 2026 and plans to start processing new license applications in September of that year. Existing firms already registered for Anti-Money Laundering rules will still need separate authorization under the Financial Services and Markets Act.