Crypto.com, a well-known cryptocurrency exchange, has received regulatory approval from the UK Financial Conduct Authority (FCA) to offer crypto assets to UK residents.
This approval allows Crypto.com to operate as a crypto asset business in the United Kingdom, which means that it is permitted to provide various crypto services to its users in the region as long as they comply with local laws and regulations.
Kris Marszalek, co-founder, and CEO of Crypto.com expressed his delight at the approval, saying,
“This is a significant milestone for Crypto.com, with the UK representing a strategically important market for us and at a time when the government is pushing forward with its agenda to make Britain a global hub for crypto asset technology and investment.”
He added, “We are committed to the UK market and we look forward to developing our platform and presence in the UK further by expanding our offering to customers while continuing to work with regulators.”
Different crypto exchanges have been receiving regulatory approval from varying governments around the world. Binance was recently granted preliminary approval to operate in Kazakhstan. The in-principle approval comes from the Astana Financial Services Authority (AFSA).
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