Wirex announced it had appointed UK lawmaker Kulveer Ranger to advise its digital asset business on strategy as Britain’s crypto authorization application period stays open ahead of a regime scheduled for 2027.
The company announced the appointment Nov. 2. Ranger, Lord Ranger of Northwood, will serve as a Board Adviser to Wirex Labs, its UK digital asset business, and advise on its UK digital asset strategy.
“I’m delighted to join as Board Adviser,” Ranger said. He has been a member of the House of Lords since July 11, 2023, and joined its Science and Technology Committee on Jan. 30, 2025.
The UK’s Financial Conduct Authority (FCA) is accepting crypto authorization applications from Sept. 30, 2026, through Feb. 28, 2027. Its new regime is scheduled to take effect Oct. 25, 2027, covering activities that include issuing qualifying stablecoins, operating cryptoasset trading platforms and safeguarding cryptoassets.
Existing crypto registrations will not automatically convert to authorization under the new framework, a requirement also covered in TokenPost’s earlier coverage of UK crypto registrations.
Sonny Jang
Sonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to [email protected].
