The UK's Financial Conduct Authority (FCA) has entered the final consultation phase for crypto regulatory rulemaking, seeking final feedback on ten core proposals surrounding business conduct, credit purchases of crypto assets, regulatory reporting, asset protection, and more, until March 12, 2026. Meanwhile, as part of the UK's crypto asset roadmap, the FCA plans to open licensing applications for crypto asset service providers in September 2026. Future crypto companies wishing to operate in the UK must obtain FCA authorization and undergo ongoing regulation. The signals released are quite clear: the UK is not aiming to suppress the crypto market but to formally incorporate it into the traditional financial regulatory framework. In the short term, compliance costs will rise, and gray areas will be compressed, which is not friendly to speculative models; but in the long run, clear rules will actually increase industry certainty and remove uncertainties for projects that truly want to operate long-term and attract institutional and mainstream users.