UK financial watchdog extends registration deadline for some crypto firms
As of March 25, there are 12 firms permitted to “carry out crypto asset activities” under FCA temporary registration status, including CEX.IO, Revolut and Copper. The Financial Conduct Authority, the United Kingdom’s financial regulator, has extended the temporary registration status of some firms offering crypto services beyond its Friday deadline.In a Tuesday statement, the FCA said “a small number of firms” in the crypto space will continue to have temporary registration status in the United Kingdom “where it is strictly necessary.” The financial regulator reiterated that temporarily....
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The U.K. financial regulator, the Financial Conduct Authority (FCA), has extended its April 1 registration deadline for a number of crypto firms to meet its regulatory requirements. The British regulator has registered 33 crypto firms so far and 12 firms are holding temporary registration. FCA Extends Deadline for Crypto Firms The U.K.’s Financial Conduct Authority (FCA) updated information on the Temporary Registration Regime (TRR) on its website Wednesday, ahead of the April 1 registration deadline for crypto firms. The Temporary Registration Regime was established in December....
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms’ applications are still pending.
Five Crypto Firms Can Continue to Operate in the UK With Temporary Registration
The U.K. Financial Conduct Authority (FCA) updated its list of crypto asset firms with temporary registration Thursday.
There are now five firms on the list: Cex.io Ltd., Copper....
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced Thursday it’s extending the end date of the Temporary Registrations Regime (TRR) for crypto businesses to March 31, 2022. The regulatory body pointed out that a....
U.K.’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement and market oversight. 111 Unregistered Firms Operating in the UK Britain’s financial watchdog, the Financial Conduct Authority (FCA), has identified 111 companies operating in the crypto space without necessary registration, Reuters reported Tuesday. The FCA head of enforcement and market....
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official.John Glen, a member of U.K. Parliament and the economic secretary to the Treasury, pointed out major difficulties in the process of registering crypto firms under the FCA’s AML regulations in official comments on Friday.According to the official, only five....