Cryptocurrency Editor's Picks Market News Regulation granted a permit to perform crypto activities in the UK

According to data that was made public on Tuesday, digital asset exchange has reportedly registered with the United Kingdom’s financial regulator, the Financial Conduct Authority. Granted A Permit To Perform Crypto Activities in The U.K.

The Financial Conduct Authority (FCA) in the United Kingdom has granted the cryptocurrency platform regulatory license to operate as a crypto asset firm. is headquartered in Singapore. This information was made public on the official website of the corporation on August 17, 2022, in the form of a news release.

According to the Chief Executive Officer of, Kris Marszalek, the United Kingdom is a strategically significant market for them.

He cited a surge in crypto use in the nation as well as the ambition of the government to make Britain a center for crypto assets as evidence.

This most recent turn of events follows in the footsteps of’s recent progress in obtaining regulatory licenses.

It has also obtained a pre-registration undertaking with the Ontario Securities Administration in Canada, along with a Major Payment Institution License from Singapore, a Virtual Asset License from the Dubai Regulatory Authority, and a number of additional licenses from other locations.

The Financial Conduct Authority (FCA) was subjected to criticism in the cryptocurrency industry when it rejected registration requests from a large number of crypto firms.

When it comes to cryptocurrencies, the regulator said a month ago that it will always take a hawkish approach surrounding consumer protection.

In spite of its goals to expand around the globe, has lately encountered a number of obstacles. As attempted to negotiate the headwinds of the bear market in June, the company let go of 5% of its personnel, which equaled 260 individuals.

It was reported on Tuesday that was going through another round of layoffs.

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