Mica was step 1; UK next


Just read the UK's final comprehensive crypto regulatory framework, with a mandatory licensing regime taking effect on October 25, 2027.
TL;DR:
It covers trading platforms, custodians, stablecoin issuers, lending and staking providers, and certain DeFi entities.
For stablecoin issuers, the FCA lowered the K-SII capital ratio requirement from 2% to 1% and removed the obligation to forecast reserve asset redemptions.
Application windows open September 30, 2026.
For crypto card and neobank operators with UK exposure, this sets a clear compliance timeline and tighter stablecoin issuer rules to plan around.
We're getting regulated fam.
Ready?
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