Blockchain.com wins UK registration nearly four years after abandoning FCA process
Blockchain.com secured UK registration from the FCA nearly four years after withdrawing its initial application.Summary
Cryptocurrency exchange and wallet provider Blockchain.com has successfully obtained regulatory approval in the U.K., being added to the Financial Conduct Authority's (FCA) registry under its trading name "BC Operations." This comes nearly four years after the London-based company withdrew its initial FCA licensing application in March 2022, choosing instead to pivot to its registered business in Lithuania. The new U.K. registration permits Blockchain.com to conduct specific crypto activities provided it adheres to anti-money laundering and counter-terrorist financing regulations. Blockchain.com stated it is now operating under the same rigorous standards as traditional finance institutions in the U.K., though the current FCA crypto regime does not constitute full financial services authorization, which is expected under a new framework starting in October next year.
(Source：CoinDesk)