Regulating Cryptoassets in the UK: What the FCA’s New FSMA Regime Means for Compliance Leaders Before 2027

The FCA has confirmed that a full Financial Services and Markets Act (FSMA) cryptoasset regime is expected to commence on 25 October 2027. The shift from an anti-money laundering (MLR) registration framework to a full prudential and conduct regime marks a structural transformation in how cryptoasset firms will operate in the UK.