{"id":78281,"date":"2026-09-17T05:32:53","date_gmt":"2026-09-17T05:32:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fca-clears-crypto-rulebook-but-uk-banks-can-still-block-transfers\/"},"modified":"2026-09-17T05:32:53","modified_gmt":"2026-09-17T05:32:53","slug":"fca-clears-crypto-rulebook-but-uk-banks-can-still-block-transfers","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fca-clears-crypto-rulebook-but-uk-banks-can-still-block-transfers\/","title":{"rendered":"FCA Clears Crypto Rulebook, but UK Banks Can Still Block Transfers"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">FCA guidance sets out which U.K. crypto firms need authorization under rules starting Oct. 25, 2027.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">U.K. banks can still restrict crypto transfers, limiting the impact of clearer FCA regulation.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Applications open Sept. 30 as Parliament weighs broader rules on crypto banking access.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>FCA Sets Oct. 2027 Start for New UK Crypto Authorization Regime<\/h2>\n<p>The United Kingdom has given crypto companies a much clearer answer to a question that has hung over the industry for years: exactly when does a digital-asset business become regulated?<\/p>\n<p>The Financial Conduct Authority published its final <a href=\"https:\/\/www.fca.org.uk\/news\/press-releases\/crypto-firms-get-guidance-how-new-regime-applies\" target=\"_blank\" rel=\"noopener noreferrer\">cryptoasset perimeter guidance<\/a> on Sept. 16. From Oct. 25, 2027, businesses conducting covered activities in the U.K. will generally need FCA authorization unless an exemption or transitional arrangement applies.<\/p>\n<p>The rules cover stablecoin issuance, crypto trading platforms, dealing and arranging transactions, custody and staking. They also affect overseas firms serving U.K. customers and traditional financial institutions moving into crypto.<\/p>\n<h2>Crypto Firms Have Two Weeks Before the Gateway Opens<\/h2>\n<p>The timing matters.<\/p>\n<p>Applications open on Sept. 30, 2026, with the transition window closing Feb. 28, 2027. Existing registrations will not automatically convert into authorization under the new regime.<\/p>\n<p>David Geale, the FCA\u2019s executive director of consumers, payments and competition, said the regulator wants firms to understand where they stand before applying.<\/p>\n<p>\u201cWe are building a crypto regime that firms, consumers and international partners can trust,\u201d Geale said. \u201cThis guidance gives firms the clarity they\u2019ve asked for so they can prepare with confidence.\u201d<\/p>\n<p>The FCA also plans further consultation on perimeter changes following amendments to the underlying legislation.<\/p>\n<h2>Banks Can Still Keep the Crypto Door Shut<\/h2>\n<p>Regulatory approval, however, will not guarantee frictionless access to the U.K.\u2019s banking system.<\/p>\n<p>Nine of the 10 largest U.K. retail banks currently <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/uk-lawmakers-press-banks-on-crypto-access-ahead-of-new-rules\/\">block or limit some crypto-related<\/a> transactions, according to The Banker. The FCA is not expected to compel lenders to remove those restrictions when the new regime begins, leaving individual banks to determine their risk appetite.<\/p>\n<p>The government has previously said banking decisions remain largely commercial, while also stating that licensed crypto companies should not face restrictions merely because they operate in the sector.<\/p>\n<p>For exchanges and customers, that creates an important contradiction: crypto businesses may soon have a full FCA license but still struggle with banking access.<\/p>\n<h2>Parliament Is Turning up the Pressure<\/h2>\n<p>That issue has now reached Parliament.<\/p>\n<p>The House of Lords recently backed Amendment 88 to the Financial Services and Markets Bill, requiring the Treasury to develop a <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/uk-lords-defeat-government-194-138-over-crypto-strategy\/\">national digital-assets strategy<\/a> covering crypto, stablecoins, tokenization and access to banking and payment services. The measure passed 194-138.<\/p>\n<p>The bill has since moved to the House of Commons, so the provision is not yet law.<\/p>\n<p>For the U.K. crypto market, the FCA guidance removes one large source of uncertainty. The next test is whether regulatory legitimacy translates into something equally important: practical access to the financial system.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/fca-clears-crypto-rulebook-but-uk-banks-can-still-block-transfers\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways FCA guidance sets out which U.K. crypto firms need authorization under rules starting Oct. 25, 2027. U.K. banks can still restrict crypto transfers, limiting the impact of clearer FCA regulation. Applications open Sept. 30 as Parliament weighs broader rules on crypto banking access. FCA Sets Oct. [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":78282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78281"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78281"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78282"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}