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UK crypto authorisation readiness checker

Reviewed by Harry Khan, Founder · 10 November 2026

Check how ready your firm is to apply for FCA cryptoasset authorisation before the window closes on 28 February 2027, with a readiness score and the items to complete in order of priority.

Run the check

Up to fourteen questions on your firm, its people and its arrangements, set by your main activity. The result appears on this page.

What is your main crypto activity?
Is a regulatory business plan written for your UK business, with three-year financial forecasts?
Will the head office, registered office and the people who run the business be in the UK?
Is capital at or above the permanent minimum for your activities held in the applicant company, with its source evidenced?
Have you calculated your own funds and liquid assets, including the fixed overheads and K-factor requirements, with a wind-down plan?
Are your senior managers named, experienced in crypto and ready for their FCA applications and interviews?
Does your MLRO have experience of financial crime controls for crypto?
Is your financial crime framework in place, including blockchain analytics, sanctions screening and the Travel Rule?
Are the Consumer Duty, complaints handling and financial promotion processes designed for your customers?
Are operational resilience, IT security and outsourcing arrangements documented?
Is the FCA application form drafted, with the financial data template and every document cross-referenced?
Answer each highlighted question to see your result.

How the result is worked out

The rules the tool applies, in full. The result is guidance from your answers.

Each answer scores 2 for “In place”, 1 for “In progress” and 0 for “Not started”. Priority items count double. The score is the total as a percentage of the maximum for the questions that apply to your firm.

ResultScore
Ready for final review85% or above, with no priority item at its lowest answer
Targeted work before submission60% to 84%, or 85% and above with a priority item at its lowest answer
Build the foundations firstBelow 60%
Read more

Priority items

  • Regulatory business plan
  • UK presence and management
  • Capital held in the applicant
  • Own funds, liquidity and wind-down plan
  • Senior managers
  • MLRO experience
  • Financial crime framework
  • Custody of client assets
  • Backing assets and redemption
  • Admissions and market abuse

Custody, backing assets and market abuse questions appear only for the activities they apply to. Priority items are the threshold conditions and the areas the FCA has said it will test most closely in this regime.

Further detail

Questions

Who needs FCA cryptoasset authorisation?

Any firm carrying on one of the seven new cryptoasset activities for UK customers from 25 October 2027, including firms now registered under the money laundering regulations and overseas firms serving UK consumers.

When must we apply?

Inside the window from 30 September 2026 to 28 February 2027. The FCA expects to decide applications made in the window before the regime starts on 25 October 2027.

Which items does the FCA test most closely?

The threshold conditions: a UK presence, adequate capital and resources, suitable people and a viable business model, plus financial crime controls and the protection of client assets.

Is my result stored?

No. The check runs in your browser and nothing is sent unless you choose to contact us with the result.

What does a pre-submission review involve?

We read the full application pack against the FCA’s form and final rules, and set out in writing what to fix before you apply.

Get in touch

Tell us where you are and where you want to be.

[email protected]
+44 7563 115980 (phone and WhatsApp)