{"id":42528,"date":"2021-05-14T20:04:52","date_gmt":"2021-05-14T17:04:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42528"},"modified":"2025-08-30T23:36:02","modified_gmt":"2025-08-30T20:36:02","slug":"fca-grants-digivault-the-diginex-custodian-permission-to-operate-in-the-uk","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fca-grants-digivault-the-diginex-custodian-permission-to-operate-in-the-uk\/","title":{"rendered":"FCA grants Digivault, the Diginex custodian, permission to operate in the UK"},"content":{"rendered":"<p>Digivault, the digital-asset custodian within the Diginex group, has received the relevant licence from the UK Financial Conduct Authority (FCA).<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Today we are proud to announce our <a href=\\\"https:\/\/twitter.com\/hashtag\/DigitalAsset?src=hash&#038;ref_src=twsrc%5Etfw\\\">#DigitalAsset<\/a> custody branch <a href=\\\"https:\/\/twitter.com\/DigivaultGlobal?ref_src=twsrc%5Etfw\\\">@DigivaultGlobal<\/a> became the first standalone custodian to receive FCA approval to custody <a href=\\\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\\\">#crypto<\/a>, furthering our mission to bring digital assets to the world. <a href=\\\"https:\/\/twitter.com\/search?q=%24EQOS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$EQOS<\/a> <a href=\\\"https:\/\/t.co\/NmFwT2eSI2\\\">https:\/\/t.co\/NmFwT2eSI2<\/a><\/p>\n<p>\u2014 Diginex (@DiginexGlobal) <a href=\\\"https:\/\/twitter.com\/DiginexGlobal\/status\/1393148697085579264?ref_src=twsrc%5Etfw\\\">May 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The company said it anticipated an influx of institutional clients once regulatory uncertainty abated. The FCA&#8217;s decision signals Digivault&#8217;s compliance with AML\/CFT requirements.<\/p>\n<p>Chief executive Rob Cooper told Cointelegraph that the regulator has effectively recognised a new asset class.<\/p>\n<p>Digivault offers cold wallets kept in the physical vaults of Hong Kong-based Malca-Amit, a specialist in security matters. The firm has also developed a solution that employs hardware- and software-firewalls.<\/p>\n<p>The custodian provides storage for Bitcoin, Ethereum, and tokens conforming to the ERC-20 and ERC-1400 standards.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/uk-regulator-bans-sale-of-cryptocurrency-derivatives-to-retail-investors\">banned the sale of derivatives<\/a> based on digital assets to retail investors.<\/p>\n<p>In December 2020 the regulator introduced a <a href=\"https:\/\/forklog.com\/en\/news\/uk-introduces-temporary-registration-regime-for-crypto-firms\">temporary-registration regime<\/a> for cryptocurrency firms.<\/p>\n<p>In early 2021 the FCA warned that investing in cryptoassets carries <a href=\"https:\/\/forklog.com\/en\/news\/uk-regulator-warns-of-the-risks-of-investing-in-crypto-assets\">high risks<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digivault, the digital-asset custodian within the Diginex group, has received the relevant licence from the UK Financial Conduct Authority (FCA).<\/p>\n","protected":false},"author":1,"featured_media":42529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1852,1726,36,810],"class_list":["post-42528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-diginex","tag-fca","tag-regulation","tag-united-kingdom"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42528"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42528\/revisions"}],"predecessor-version":[{"id":42530,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42528\/revisions\/42530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42529"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}