Zumo launches ‘UK Cryptoasset Regulation Tracker’

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TL;DR: Zumo launched a plain-English UK Cryptoasset Regulation Tracker on September 30, the same day the FCA opened its authorization gateway. Firms must apply by February 28, 2027, ahead of the October 25, 2027, start date, yet only 10% of providers say they’re fully prepared.

Key Takeaways:

United Kingdom-based digital asset platform Zumo has launched its ‘UK Cryptoasset Regulation Tracker’ to help crypto firms and other financial institutions better align with the obligations of the U.K.’s incoming regulatory regime, due to come into force in October 2027. 

On September 30, Zumo—which describes itself as a U.K. crypto-as-a-service platform—launched its UK Cryptoasset Regulation Tracker, a web application that tells firms, “in plain English” what the new rules will require them to do, depending on their type of business activity, such as digital currency broker, trading platform, or stablecoin issuer.

The timing of Zumo’s announcement was made to coincide with the opening (also on September 30) of the Financial Conduct Authority (FCA) authorization gateway, which allowed firms that intend to continue operating in the U.K. under the incoming rules to apply for a license by February 28, 2027, ahead of the new regime coming into force on October 25, 2027.