On September 12, according to the Financial Times, the UK cryptocurrency industry is entering the regulatory implementation phase. Nick Jones, founder and CEO of Zumo, stated that the Financial Conduct Authority (FCA) will open the application window for cryptocurrency asset authorization on September 30, with the new regulatory framework expected to be officially implemented by October 2027. He noted that for a long time, regulatory uncertainty and counterparty risks have made financial institutions cautious about the UK crypto market, not due to a lack of interest in digital assets. As the regulatory path becomes clearer, traditional financial institutions, such as the UK's largest retail investment platform Hargreaves Lansdown, are beginning to enter the cryptocurrency market. The industry will gradually move away from offshore operations, startup-style business processes, and unregulated models, further enhancing the importance of compliance infrastructure and local service providers.