The UK crypto sector is entering an implementation phase for regulation, according to a Financial Times report cited by BlockBeats. Nick Jones, founder and CEO of Zumo, said the Financial Conduct Authority will open the application window for crypto-asset authorizations on Sept. 30, with the new regulatory regime expected to take effect in October 2027. Jones said financial institutions have long been cautious about the UK crypto market because of regulatory uncertainty and counterparty risk, rather than a lack of interest in digital assets. As the regulatory path becomes clearer, traditional financial firms including Hargreaves Lansdown, the UK’s largest retail investment platform, have started moving into the crypto market. He added that the industry is set to move away from offshore operations, startup-style business processes and unregulated models, raising the importance of compliant infrastructure and domestic service providers.
The UK crypto industry is moving into the implementation stage of regulation, according to the Financial Times.
Nick Jones, founder and CEO of Zumo, said the UK Financial Conduct Authority, or FCA, will open the application window for crypto-asset authorizations on Sept. 30. He said the new regulatory regime is expected to formally take effect in October 2027.
Jones said financial institutions have long taken a cautious approach to the UK crypto market because of regulatory uncertainty and counterparty risk, not because they lacked interest in digital assets.
Traditional finance firms begin entering the market
As the regulatory path becomes clearer, traditional financial institutions including Hargreaves Lansdown, the UK’s largest retail investment platform, have started entering the crypto market.
He also said the industry will gradually move away from offshore operations, startup-style business processes and unregulated models, increasing the importance of compliant infrastructure and domestic service providers.
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