Svmuu News: The UK Financial Conduct Authority (FCA) has indicated that it will open the application process for cryptocurrency licenses in September 2026. It is reported that cryptocurrency firms operating in the UK or marketing to the UK must apply to the Financial Conduct Authority (FCA) for authorization or a change of license under the Financial Services and Markets Act. The regulator stated that firms missing the approval deadline will enter a transition period, during which they will be permitted to fulfill existing contracts but prohibited from launching new regulated cryptocurrency products. (The Block)