Britain’s Financial Conduct Authority (FCA) has released new detailed guidance outlining which cryptocurrency business activities will require formal authorization under the UK’s upcoming regulatory regime, set to take effect in October 2027. The FCA specified that the new rules will cover a broad range of business activities involving digital assets. These include stablecoin issuance, operation of digital asset exchanges, dealing in cryptocurrencies, providing transaction facilitation, cryptoasset custody services, and the administration of staking programs.