The UK FCA will open applications for cryptocurrency authorization on September 30th

The Financial Conduct Authority (FCA) in the UK will open applications for cryptocurrency authorization on September 30th, and the new regulatory system is expected to be implemented in October 2027. Zumo founder and CEO Nick Jones stated that with a clear regulatory path, traditional financial institutions such as Hargreaves Lansdown are entering the cryptocurrency market, and the industry will bid farewell to offshore operations and unregulated models. (Source: Financial Times)