UK regulators may open the application process for cryptocurrency licenses in September this year.

Odaily Planet Daily reports that the UK Financial Conduct Authority (FCA) has hinted at opening a channel for cryptocurrency license applications in September 2026. It is understood that cryptocurrency companies operating in or marketing in the UK will need to apply to the FCA for authorization or changes to their licenses under the Financial Services and Markets Act. The regulator stated that companies missing the approval deadline will enter a transition period, allowing them to fulfill existing contracts but prohibiting the launch of new regulated cryptocurrency products. (The Block)