The UK’s crypto regulatory framework is moving closer to implementation, according to Nick Jones, founder and CEO of Zumo. He said the Financial Conduct Authority, or FCA, will open the application window for crypto-asset authorization on Sept. 30, with the new regime expected to take effect in October 2027. Jones also said clearer regulatory direction is already drawing traditional financial players into the sector. He cited Hargreaves Lansdown, the UK’s largest retail investment platform, as one of the institutions beginning to enter the crypto market. As the approval path becomes more defined, the UK crypto industry is expected to shift toward compliance-led operations.
The UK’s crypto regulatory regime is entering the implementation phase, according to Nick Jones, founder and CEO of Zumo.
Jones said the Financial Conduct Authority (FCA) will open its application window for crypto-asset authorization on Sept. 30. The new regulatory framework is expected to be formally implemented in October 2027.
As the regulatory path becomes clearer, traditional financial institutions are starting to move into the crypto market, including Hargreaves Lansdown, the UK’s largest retail investment platform. The UK crypto sector is expected to gradually shift toward compliant operations.
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