UK Financial Supervisory Authority Solicits Feedback on 2027 Cryptocurrency Regulatory Framework Odaily Planet Daily News: The Financial Supervisory Authority (FCA) in the UK has announced that it is soliciting industry feedback on the future regulatory framework for cryptocurrencies in the UK, in order to promote the implementation of a comprehensive regulatory framework that will come into effect on October 25, 2027. According to the announcement, this round of consultation will continue until June 3, 2026, aiming to help companies understand the impact of the new regulations on their business and provide compliance guidance for key areas such as stablecoin issuance, cryptocurrency trading, custody, and pledge. FCA has stated its desire to establish a "competitive and sustainable" cryptocurrency market, enabling compliance agencies to better serve UK users. FCA also disclosed that the authorization application channel for relevant encrypted enterprises is expected to open in September 2026 and continue until February 2027. All institutions providing encrypted asset services will need to complete authorization under the Financial Services and Markets Act (FSMA) in the future, and even if they have previously registered under the anti money laundering framework, they will not be automatically exempted. This guidance consultation is seen as an important step in the UK's gradual improvement of its cryptocurrency regulatory system, marking the acceleration of its transition from partial regulation to a comprehensive licensing system.