The UK Financial Conduct Authority (FCA) has released the final rules for its crypto asset regulatory framework, establishing a unified system covering prudential regulation, market abuse, and stablecoins. The framework is set to officially take effect on October 25, 2027. The new rules apply to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, as well as certain DeFi projects with identifiable controlling entities. Under the regulations, UK Qualified Crypto Asset Trading Platforms (QCATP) must conduct due diligence on listed assets, meet admission standards, and disclose relevant documents. Market abuse rules will cover insider trading and market manipulation. Stablecoin issuers are required to meet standards for reserve assets, custody, redemption, and information disclosure, with up to 5% of excess reserves allowed for supported assets. Additionally, the FCA has lowered the K-SII capital coefficient for stablecoin issuance from 2% to 1%. Relevant businesses can apply for licenses between September 30, 2026, and February 28, 2027. Existing anti-money laundering registrations will not automatically convert to the new licenses, and all regulated crypto businesses must reapply for FCA authorization. (The Block) https://www.(wublock123.com)/news/uk-fca-crypto-regulatory-final-framework-unified-licence-2027-63684