An approval has been given by the Financial Conduct Authority of the United Kingdom (FCA), to a European affiliate of Uphold, a crypto trading platform based in the United States.

According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Thursday, joining the select list of 32 firms that have received FCA approval as Registered Crypto Asset service providers out of the 200 that applied. It means the firm adheres to the U.K. Anti-Money Laundering & Counter-Terrorist Financing Regulations.