According to an entry in the FCA Financial Services Registry, the Crypto.com exchange has received official regulatory approval to conduct transactions with crypto assets in the UK.
Crypto.com has announced that it has received UK Financial Conduct Authority (FCA) approval to operate crypto assets in the country. The license will allow Crypto.com to offer a range of products and services to customers in the UK, subject to local law.
“This is an important milestone for Crypto.com as the UK represents a strategically important market for us. This is especially significant at a time when the government is developing a program to turn the UK into a global center for technology and investment in crypto assets,” said Kris Marszalek, co-founder and CEO of Crypto.com.
According to the FCA, “permitted activity with crypto assets” includes the direct exchange between digital assets and fiat money in both directions, as well as the exchange of crypto assets for other crypto assets. Thus, the license will allow Crypto.com users to legally buy cryptocurrencies.
Recently, the Crypto.com exchange received permission to provide services for the exchange and storage of digital assets in two jurisdictions at once: South Korea and Italy.