From TokenPost · · 40s
Zumo CEO Warns UK Crypto Approval May Not Resolve Banking Access
UK crypto firms risk losing bank access under new regulations.
In brief
UK crypto firms risk losing bank access under new regulations. Zumo CEO Nick Jones warns UK crypto approval may not solve banking access issues for firms. Originally reported by TokenPost.
Zumo CEO warns
Zumo founder and CEO Nick Jones warned that the U.K.’s upcoming crypto approval regime may leave companies without business bank accounts.
Mandatory FCA approval expected
Companies are preparing for mandatory approval from the Financial Conduct Authority (FCA), expected in October 2027.
Complaints data
Stand With Crypto logged 10,092 submissions from 9,803 people through an online complaint tool during a 90-day period from May to August 2026.
What to remember
Zumo CEO Nick Jones warns UK crypto approval may not solve banking access issues for firms.
