The UK’s Financial Conduct Authority (FCA) has registered the cryptocurrency platform Crypto.com.
We’re excited to share that we’ve received regulatory approval in another key global jurisdiction, this time from the UK’s Financial Conduct Authority (FCA) 🇬🇧
We’ll work hard to support the UK’s vision to become a global crypto hub.
Full Details 👇https://t.co/3Xbr7rKmEn pic.twitter.com/koknqlaMZc
— Crypto.com (@cryptocom) August 17, 2022
According to the entry in the register dated 16 August, the company operates in the country under the name FORIS DAX UK LIMITED. It has been granted permission to carry out “certain crypto-asset activities” in the country.
“This is a milestone for Crypto.com, as the United Kingdom represents a strategically important market for us, at a time when the government is advancing its transformation of the United Kingdom into a global hub for crypto-asset technology and investment,” said Crypto.com CEO Kris Marshalek.
In December 2020 the FCA introduced the temporary registration regime for crypto companies.
Later the programme was extended until 31 March 2022. As of writing, 37 companies had received permission to operate, including Gemini, eToro and Galaxy Digital.
Earlier Crypto.com received regulatory approvals to operate from regulators in Italy, Greece, Cyprus, Singapore and Dubai.
In August 2022 the platform absorbed payments services provider PnLink and the digital asset provider OK-BIT, with the corresponding licenses from South Korean regulators.
Prior to that, Crypto.com announced a substantial reduction in CRO staking rewards for prepaid cards and announced the layoff of around 260 employees.
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