Uphold becomes registered crypto-asset firm in UK post-FCA approval

Uphold becomes registered crypto-asset firm in UK post-FCA approval

A total of 200 crypto firms have applied for the U.K.’s “crypto license,” but tough requirements have forced many to withdraw their applications. A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom's Financial Conduct Authority (FCA).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. The approval signifies that the....


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