[UK FCA Opens Authorization Applications for Crypto Firms, New Regulatory Framework to Take Effect in October 2027] Foresight News reports that the UK Financial Conduct Authority (FCA) has announced it will begin accepting authorization applications from crypto firms starting today. Crypto firms planning to continue operations in the UK must submit their applications by February 28, 2027, with the new regulatory framework set to take effect on October 25, 2027. The FCA stated that applications will not be automatically approved; firms must demonstrate compliance in areas such as consumer protection, client asset custody, market integrity, and financial resilience. Firms that fail to meet the standards will not be permitted to continue offering regulated crypto asset services in the UK. Existing firms that submit applications during the application period but have not received approval before the new framework takes effect may continue providing services during the review process.