{"id":63584,"date":"2022-04-11T09:02:44","date_gmt":"2022-04-11T09:02:44","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=63584"},"modified":"2022-04-11T09:02:44","modified_gmt":"2022-04-11T09:02:44","slug":"uk-regulator-allows-5-crypto-firms-to-operate-with-temporary-registration","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=63584","title":{"rendered":"UK Regulator Allows 5 Crypto Firms to Operate With Temporary Registration"},"content":{"rendered":"

\"UK<\/p>\n

Britain\u2019s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms\u2019 applications are still pending.
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Five Crypto Firms Can Continue to Operate in the UK With Temporary Registration<\/h2>\n

The U.K. Financial Conduct Authority (FCA) updated its list of crypto asset firms with temporary registration Thursday.<\/p>\n

There are now five firms on the list: Cex.io Ltd., Copper Technologies (UK) Ltd., Globalblock Ltd., Revolut Ltd., and Moneybrain Ltd.<\/p>\n

At the end of March, the British financial regulator said that it extended the registration deadline for some crypto firms to meet its regulatory requirements. At that time, there were 12 firms<\/a> on the temporary registration list. Companies that are not on the latest list cannot continue to operate after April 1.<\/p>\n

The financial regulator has registered 33 firms altogether. \u201cWe have been reviewing crypto asset firms\u2019 applications to ensure they meet the minimum standards we expect that those who run these firms are fit and proper and that they have adequate systems to identify and prevent flows of money from crime,\u201d a spokesperson for the FCA recently commented.<\/p>\n

Last week, the U.K. government unveiled<\/a> a detailed plan to make the country a global crypto hub, and a \u201chospitable place for crypto.\u201d<\/p>\n

As part of the plan, the government has decided to regulate stablecoins and the chancellor of the exchequer, Rishi Sunak, has asked the Royal Mint to create a non-fungible token (NFT) to be issued by the summer. Sunak opined: \u201cIt\u2019s my ambition to make the U.K. a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate, and scale up in this country.\u201d<\/p>\n

What do you think about the FCA extending the registration deadline for five crypto firms? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Britain\u2019s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms\u2019 applications are still pending. Five Crypto Firms Can Continue to Operate in the UK […]<\/p>\n","protected":false},"author":2,"featured_media":63585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-63584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/63584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63584"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/63584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/63585"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}