Five crypto companies were allowed to operate with temporary registration in the UK
In total, the UK’s financial regulator has granted a license to operate with digital assets to 33 organizations
11.04.2022 - 13:20
301
1 min
0
What’s new? The UK’s Financial Conduct Authority (FCA) has allowed five crypto companies to continue operating in the country with temporary registration. The list includes CEX.IO, Copper Technologies (UK), GlobalBlock, Revolut, and Moneybrain. Their FCA registration deadline expired last week, but applications are still pending.
What does the FCA say? In total, the financial regulator has granted a license to operate with cryptocurrencies to 33 companies. An FCA spokesperson noted:
“We have been reviewing crypto asset firms’ applications to ensure they meet the minimum standards we expect that those who run these firms are fit and proper and that they have adequate systems to identify and prevent flows of money from crime.”
What had happened before? On March 31, the FCA canceled temporary registration for cryptocurrency platforms. Operating without a permit is criminally liable.
On April 4, Rishi Sunak, head of the UK Treasury, unveiled a plan to turn the state into a global hub for cryptocurrency technology. The department’s press release states that with the appropriate regulation, stablecoins will be recognized as a valid form of payment. And in the summer, the Royal Mint can create and issue its own NFT.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 437
BTC
+0.13%
-
Ethereum
$3 323.53
ETH
+5.53%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
+24.51%
-
Dogecoin
$0.386788
DOGE
+0.38%
-
Cardano
$0.861882
ADA
+8.77%
-
Bitcoin Cash
$484.38
BCH
-7.39%
-
Polkadot
$6.03
DOT
+6.63%
-
Stellar XLM
$0.283901
XLM
+17.91%
-
Litecoin
$89.64
LTC
-0.51%