Fun

UK Regulator Allows 5 Crypto Firms to Operate With Temporary Registration

News Feed - 2022-04-11 12:04:01

UK Regulator Allows 5 Crypto Firms to Operate With Temporary Registration


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 Technologies (UK) Ltd., Globalblock Ltd., Revolut Ltd., and Moneybrain Ltd.


At the end of March, the British financial regulator said that it extended the registration deadline for some crypto firms to meet its regulatory requirements. At that time, there were 12 firms on the temporary registration list. Companies that are not on the latest list cannot continue to operate after April 1. Crypto asset firms with temporary registration. Source: FCA


The financial regulator has registered 33 firms altogether. “We have been reviewing crypto asset firms’ applications to ensure they meet the minimum standards we expect that those who run these firms are fit and proper and that they have adequate systems to identify and prevent flows of money from crime,” a spokesperson for the FCA recently commented.


Last week, the U.K. government unveiled a detailed plan to make the country a global crypto hub, and a “hospitable place for crypto.”


As part of the plan, the government has decided to regulate stablecoins and the chancellor of the exchequer, Rishi Sunak, has asked the Royal Mint to create a non-fungible token (NFT) to be issued by the summer. Sunak opined: “It’s my ambition to make the U.K. a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate, and scale up in this country.” Tags in this story british government, FCA, fca list of crypto firms, FCA temporary, temporary registration, uk government


What do you think about the FCA extending the registration deadline for five crypto firms? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets REGULATION | 1 hour ago Miami Mayor Outlines "Vision for Bitcoin America" — Says We Must Integrate BTC Into Every Aspect of Society This Year REGULATION | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMexico’s Third Richest Billionaire Warns of Severe Dollar Inflation — Says Buy Bitcoin to ‘Save Your Skin’ Next articleNeed to File Fast? Follow This No-Nonsense Guide From Koinly Show comments More Popular NewsIn Case You Missed ItUS Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues "Odds of Recession Increase"


As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the ... read more.NFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency With Over 90% of BTC"s Supply Issued, Bitcoin"s Mining Difficulty Reaches a Lifetime High

News Feed

Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021’s 9th Month Is Different
Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021"s 9th Month Is Different The price of bitcoin has risen above the $51K zone on Sunday and trader
Why Are ‘Bitcoin Group’ and ‘Bitcoin Revolution’ Such Popular Searches on Google?
Why Are "Bitcoin Group" and "Bitcoin Revolution" Such Popular Searches on Google? Google searches can reveal a lot about the perception of the masses when it comes to bitcoin. Th
Tom Blackstone1 hour agoWorldcoin releases audit reports showing resolved security issuesThe proof of humanness protocol released security audit reports claiming that most issues were fixed or mitigated.319 Total views11
Gareth Jenkinson9 hours agoBitcoin miners still bullish despite toughest bear market yet - Hut8, Foundry, BraiinsBitcoin mining firms have been forced to sell newly minted Bitcoin to cover operational costs during one of
Futurama can’t stop making fun of crypto and blockchain
Turner Wright8 hours agoFuturama can’t stop making fun of crypto and blockchainThe season two premiere of the animated science fiction series’ latest iteration focused on an NFT heist from a museum displaying digital
Experts say OpenAI in ‘precarious position,’ ‘might become next WeWork’
Tristan Greene4 hours agoExperts say OpenAI in ‘precarious position,’ ‘might become next WeWork’Elon Musk’s lawsuit over OpenAI’s for-profit pivot has prompted fears the company could be unraveling.2445 Total
Binance Launches Prepaid Card in Colombia
Binance Launches Prepaid Card in Colombia Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, whic
Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions
Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions Digital currency markets have been consolidating since the initial price drop on February 26 t
Central Bank of Venezuela Announces ‘Digital Bolivar’ Redenomination Plan
Central Bank of Venezuela Announces "Digital Bolivar" Redenomination Plan The Central Bank of Venezuela announced the new redenomination plan for its fiat curren
Analyst Sees Double-Digit XRP Price—The Catch? Recapturing 2017 BTC Peak
Este artículo también está disponible en español. Experts are thrilled about the chances that XRP, the cryptocurrency linked to Ripple, will hit new heights. Recent trend
Meta denies claim more than half of Facebook crypto ads are scams
Stephen Katte2 hours agoMeta denies claim more than half of Facebook crypto ads are scamsAustralia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable.12
Bitcoin Active Addresses At 2020 Level — What’s Happening?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu