# Zumo CEO Warns UK Crypto Approval May Not Resolve Banking Access

> UK crypto firms risk losing bank access under new regulations.
- Title: Zumo CEO Warns UK Crypto Approval May Not Resolve Banking…
- Summary: 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.
- Keywords: zumo, nick jones, uk crypto, fca approval, business bank accounts, financial conduct authority, lloyds banking group, barclays, natwest group, crypto, finance, CEO
- Source: TokenPost — https://tokenpost.com/news/regulation/35919
- Published: 2026-10-20T19:52:19+00:00
- Read time: 1 min
- Topics: zumo, nick jones, uk crypto, fca approval, business bank accounts, financial conduct authority, lloyds banking group, barclays, natwest group, crypto, finance
## 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.
## Key takeaway

Zumo CEO Nick Jones warns UK crypto approval may not solve banking access issues for firms.