The UK FCA releases the final draft of the crypto asset framework, with behaviors such as over 24-hour token custody and automatic permissions being brought under regulation.

Mars Finance reports that the UK Financial Conduct Authority (FCA) has released the final draft of the crypto asset framework.
The new regulation plans to include most crypto activities under the scope of the Financial Services and Markets Act by October 25, 2027.
According to the proposal, any institution holding customer crypto assets for more than 24 hours or with the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license.
Validators and node operators that offer value-added functions such as yield or reward reinvestment will lose their technical exemption.
Additionally, stablecoin issuers within the UK must control the entire lifecycle from issuance to redemption.
Relevant institutions must submit authorization applications between September 30, 2026, and February 28, 2027.