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Crypto Firm Crypterium Secures FCA Registration
The registration makes sure that as Brexit measures kick in, Crypterium can continue to provide crypto wallet services to customers in the U.K.
Cryptocurrency firm Crypterium has secured Financial Conduct Authority (FCA) registration to operate in the U.K., the firm announced Monday.
- Crypterium, which offers a cryptocurrency wallet app and has over 400,000 clients in 170 countries, said it is “one of only a small handful of companies to have passed the [FCA] registration process” from the almost 200 that have applied.
- “This registration ensures that as Brexit measures kick in, Crypterium can continue to provide its crypto wallet services, including its crypto Visa cards and exchange functions, to practically everybody in the U.K.,” Crypterium said in a press release.
- Recently a number of firms such as the crypto payments infrastructure startup Ramp have also reported securing registration with the FCA.
- It was reported in June that 64 crypto firms had abandoned their plans for FCA registration amid mounting regulatory scrutiny. The deadline for registration is March 31 of next year.
- The Tallinn, Estonia-based company was registered as Commercial Rapid Payment Technologies on Oct. 11, the FCA register shows.
- The FCA, the U.K.’s anti-money laundering and counter-terrorist financing supervisor, became responsible for crypto asset firms in January. Businesses under its supervision need to demonstrate they comply with those regulations in order to be allowed to operate.
Read more: Crypto Startup Ramp Secures FCA Registration
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
