Understanding FCA Regulation for Crypto in the UK
What does it mean for an exchange to be FCA-registered? We explain the current regulatory landscape and what it means for your protection as a UK investor.
What Is the FCA?
The Financial Conduct Authority (FCA) is the UK's financial regulatory body. Since January 2020, crypto asset businesses operating in the UK must register with the FCA under the Money Laundering Regulations.
What FCA Registration Means
FCA registration does not mean your funds are protected under the Financial Services Compensation Scheme (FSCS). It primarily means the exchange has passed anti-money laundering (AML) and know-your-customer (KYC) checks.
What to Look For
- Check the FCA Register to verify an exchange's status
- Be aware of the difference between "registered" and "authorised"
- Look for exchanges that voluntarily meet higher standards
The Future of UK Crypto Regulation
Crypto is moving inside the full FCA perimeter. The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 were made in February 2026, the FCA authorisation gateway opens on 30 September 2026 and closes on 28 February 2027, and the new regime starts on 25 October 2027. Firms on today's Money Laundering Regulations register must apply for full authorisation; registration alone will not carry over.