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Number of UK crypto firms operating under FCA temporary registration status drops -Breaking

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The number of UK-based crypto companies operating in temporary FCA registration status has dropped

From 12 to 5, the number of crypto service providers that are allowed to provide services to U.K. residents who have been granted temporary registration from Financial Conduct Authority is now five.

According to a Thursday update to its list of “Cryptoasset firms with Temporary Registration,” the United Kingdom’s financial regulator NominatedRevolut.IO, Globalblock, Moneybrain, and Revolut.IO are all allowed to work in this country. RegisterThe FCA approves crypto-asset firms since August 2020. According to the FCA, it was notified on March 30th that it will be Prolongation of temporary registration status for “a small number of firms where it is strictly necessary,” which included 12 companies at the time.