The Financial Conduct Authority, that stern guardian of financial order, will unveil a crypto licensing gateway in September 2026, as if the universe itself were preparing for a cosmic reckoning. Firms, trembling with existential dread, will have until 25 October 2027 to secure fresh FCA approval-a bureaucratic rite of passage under the Financial Services and Markets Act. Existing AML or payments registrations? Merely relics of a bygone era, now as useful as a snowball in a desert. Companies that falter will be granted a fleeting reprieve, a transitional regime akin to a last hurrah before the great digital exodus. Yet, new products? Forbiddden! A cruel irony, for the very innovation they sought to protect now becomes a prison. All this, of course, to “improve oversight,” “raise standards,” and “strengthen consumer protection”-a poetic mantra for the modern age, where chaos is rebranded as order. 🌪️🛡️
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2026-01-09 15:16