the UK financial regulatory authorities have set a timetable for the new cryptocurrency licensing system, requiring relevant companies to apply for full authorization before the framework takes effect. The UK's Financial Conduct Authority (FCA) stated on Thursday that starting this fall, crypto asset service providers (CASPs) can apply to enter the UK market accordingly, with the application period expected to open in September 2026, and the timetable will be confirmed in due course; before the new system is implemented on October 25, 2027, the FCA application channel will provide a limited window for application processing. According to the plan, companies providing regulated crypto asset services in the UK, including those currently registered under the Anti-Money Laundering Regulations and payment-related frameworks, must be authorized under the Financial Services and Markets Act (FSMA). Companies already authorized by the FCA to engage in other regulated activities must change their existing permissions before the new system is implemented; crypto companies relying on approvals from other authorized companies for financial promotional activities must obtain direct FCA authorization to promote products in the UK.