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


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

There are now only five firms that can offer crypto services to U.K. residents with temporary registrations from the Financial Conduct Authority, down from twelve.

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