Digital Assets Perspectives is a series of strategic commentaries examining developments in digital assets, payments and financial regulation. Rather than simply summarising legal and regulatory developments, each paper considers their wider commercial implications for internationally active businesses. The following advisory outlines the UK’s new cryptoasset regulatory and tax framework and the urgent steps firms should take to assess their activities, secure the necessary Financial Conduct Authority (FCA) permissions and prepare their governance, systems and operating models before the regime takes effect in October 2027.