Britain's Financial Conduct Authority tells crypto firms to apply by 28 February 2027 to keep operating once its regime starts on 25 October. Existing firms that file in time may keep taking new business until they get a decision, so October binds mainly non-filers and firms the regulator refuses.
Perspective Coverage
4 publishers
- Builder
- Builder 13%
- Operator
- Operator 55%
- Investor
- Investor 32%
Reality
- Evidence82
- Adoption
- Not scored
- Hype gap+10
- Incentives40
- Confidence82
New York's DFS and Wyoming's banking division will aim to rule within six months when a crypto firm licensed in one state applies in the other. Only firms with three years under that license and no enforcement action qualify, so newer and troubled applicants stay on the standard track.
Perspective Coverage
4 publishers
- Builder
- Builder 10%
- Operator
- Operator 61%
- Investor
- Investor 29%
Reality
- Evidence75
- Adoption
- Not scored
- Hype gap+12
- Incentives30
- Confidence70
ESMA would license the exchanges and wallets that route EU users into DeFi
ESMA proposed a new regulated MiCA service for firms that give users access to DeFi, a sector the EBA and ESMA put at about 4% of global crypto value. Exchanges and wallet apps serving EU users would carry the compliance cost, while the protocol code itself stays outside the regime.
Reality
- Evidence45
- Adoption
- Not scored
- Hype gap+20
- Incentives
- Not scored
- Confidence40
buildOne report1 publisher MiCA's transitional window shut with roughly 17% of Europe's crypto firms authorised
Article 143(3) ran out on 1 July 2026, so from that date Article 59 applies to EU client business without exception, and the register that decides who sits inside the perimeter is still being revised week by week.
Reality
- Evidence45
- Adoption30
- Hype gap+25
- Incentives70
- Confidence45
The proposed secondary objective arrives with an explicit stability carve-out and an annual report to Parliament, which leaves June's reserve rule, not the statute, as the number that prices a sterling stablecoin business.
Perspective Coverage
4 publishers
- Builder
- Builder 21%
- Operator
- Operator 45%
- Investor
- Investor 34%
Reality
- Evidence70
- Adoption20
- Hype gap+30
- Incentives68
- Confidence66