Crypto Exchange Blockchain.com Secures FCA Registration in UK

Crypto exchange Blockchain.com has secured registration with UK regulator the Financial Conduct Authority (FCA), enabling it to connection crypto services to customers there.

Blockchain.com tin present supply brokerage, custody, and organization services nether 1 of the world's strictest regulatory frameworks. For users, this means much extortion and oversight of their funds.

Founded successful the UK successful 2011, Blockchain.com has processed implicit $1.2 trillion successful crypto transactions and served 90 cardinal wallets globally. The institution started successful York earlier moving to London, with the firm's CEO Peter Smith noting successful a property merchandise that, "We've been portion of the UK's tech scenery for implicit a decade."

The institution didn't instantly respond to a petition from Decrypt connected whether it would prosecute licenses successful different regions.

The UK registration follows Blockchain.com's MiCA licence past year, which allows operations crossed each 30 European Economic Area countries. Together, these approvals presumption the institution to service large regulated markets.

The timing is strategic, with the UK processing a broad crypto regulatory authorities acceptable to motorboat successful 2027. Blockchain.com plans to use for afloat authorization erstwhile applications unfastened aboriginal this year, the institution said.

What’s Next for the UK FCA's Cryptoasset Regime

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