The UK’s Financial Conduct Authority (FCA) has granted registration to the prominent cryptocurrency exchange Blockchain.com, allowing it to provide crypto services legally within the United Kingdom. This registration authorizes the company to conduct cryptocurrency transactions and offer related financial services under the UK regulatory framework. Following this development, Blockchain.com is now positioned to deliver more stable and reliable services to its users in the UK.
Blockchain.com is a globally recognized cryptocurrency platform offering buying, selling, storage, and trading facilities for Bitcoin, Ethereum, and other digital assets. The company already holds a MiCA license within the European Union, enabling it to provide crypto services across European countries. With FCA approval, the platform can now operate fully legally in the UK as well.
Obtaining regulatory approvals in the cryptocurrency market enhances investor and consumer confidence. The FCA registration is particularly significant due to the UK’s stringent financial regulations and supervisory systems. This move will help Blockchain.com strengthen its position in the UK crypto market and attract new customers.
As regulatory frameworks for cryptocurrencies rapidly evolve to mitigate financial fraud and money laundering risks, FCA’s approval marks a positive milestone for Blockchain.com, opening doors for future expansion and growth. It also assures users that they are investing on a platform compliant with local laws.
Source: decrypt
