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Crypto & VASPs · UK FCA

FCA Cryptoasset Registration Regime, Financial Promotions and Forthcoming FSMA Cryptoasset Regime

RegulationIn Force
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Effective date
Registration regime 2020; Promotions Oct 2023; Travel Rule Sep 2023; full FSMA crypto regime 2027

Key requirements

The UK's current crypto regime: registration with the FCA for AML purposes (under MLR 2017), a financial promotions regime (since October 2023 only authorised firms can market crypto to UK consumers) and Travel Rule (since September 2023). The MLR Amendment Regulations 2026 refine CDD/EDD for crypto firms. A new comprehensive FSMA crypto regime is expected from 2027 moving crypto from AML-only registration to full financial services regulation.

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