Regulation· ★★★· neutral·

FCA: UK banks may keep crypto payment restrictions after new rules

  • —The new FCA regime will take effect on 25 October 2027
  • —Applications for approval will be accepted from 30 September 2026 to 28 February 2027
  • —9 of the UK's 10 largest retail banks restrict crypto payments
  • —The FCA expects banks to distinguish between regulated and unregulated operators
Why it matters: Formal FCA approval does not guarantee crypto firms access to banking payments, keeping barriers in place for the UK market.
Source: TokenPost
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