ChainCatcher report, according to the Financial Times, the UK crypto industry is entering the phase of regulatory implementation. Nick Jones, founder and CEO of Zumo, stated that the UK Financial Conduct Authority (FCA) will open its application window for crypto asset authorization on September 30, with the new regulatory framework expected to be fully implemented by October 2027. He noted that long-standing regulatory uncertainty and counterparty risk have caused financial institutions to approach the UK crypto market cautiously—not due to a lack of interest in digital assets. With a clear regulatory path now established, traditional financial institutions such as Hargreaves Lansdown, the UK’s largest retail investment platform, are beginning to enter the crypto market. The industry will gradually move away from offshore operations, startup-style processes, and unregulated models, with greater emphasis placed on compliant infrastructure and local service providers.
UK crypto regulation enters implementation phase, market shifts from offshore to compliance
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Summary
The UK’s crypto compliance framework is entering the implementation phase, with the FCA set to open a window for crypto asset authorization applications on September 30. The new rules will take effect in October 2027. Nick Jones of Zumo said regulatory clarity is enabling traditional firms like Hargreaves Lansdown to enter the market. Crypto compliance is now a priority as the industry transitions from offshore models to regulated operations.
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