Number of UK crypto firms operating under FCA temporary registration status drops

The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five.

According to a Thursday update to its list of "Cryptoasset firms with Temporary Registration," the United Kingdom’s financial regulator named CEX.IO, Revolut, Copper, Globalblock and Moneybrain as companies in the crypto space allowed to operate in the country in addition to the 34 registered crypto asset firms the FCA has approved since August 2020. The FCA said on March 30 that it would be extending the temporary registration status for “a small number of firms where it is strictly necessary,” which included 12 companies at the time.

Continue Reading on Coin Telegraph