Obtains Registration Approval as Crypto-Asset Business from UK FCA, which claims to be the “fastest-growing” cryptocurrency platform, announced that it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as “a crypto-asset business.”

This registration will “enable to offer a suite of products and services to customers in the UK, compliant with local regulations.”

Kris Marszalek, Co-Founder and CEO of, said:

“This is a significant milestone for, with the UK representing a strategically important market for us and at a time when the government is pushing forward with its agenda to make Britain a global hub for crypto asset technology and investment. We are committed to the UK market and we look forward to developing our platform and presence in the UK further by expanding our offering to customers, while continuing to work with regulators.”

In March, announced “several senior hires in the UK, including the appointment of a UK General Manager and a Global Head of Sustainability and ESG.”

The UK is seen “as a high-potential market for cryptocurrency, following a 650% increase in adoption from 2018 to 2021,” according to research by BanklessTimes. continues “to actively grow and expand its ecosystem, with more than 50 million users worldwide.”

Today’s announcement “continues’s regulatory license momentum, having recently received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea, registration in Italy from the Organismo Agenti e Mediatori (OAM), registration in Greece from the Hellenic Capital Market Commission, registration in Cyprus from the Securities and Exchange Commission, regulatory approval from the Cayman Islands Monetary Authority, and a pre-registration undertaking with the Ontario Securities Administration in Canada.”

Founded in 2016, claims that it “serves more than 50 million customers globally and is the world’s fastest growing cryptocurrency platform.”

Their vision “is simple: Cryptocurrency in Every Wallet™.”

Built on a foundation of security, privacy, and compliance, is “committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.”

In another update, it was noted that has appointed Chin Tah Ang as General Manager of Singapore.

Ang brings “a wealth of strategic business development experience in the technology sector and a deep understanding of the Singapore market landscape.” In June 2022, received in-principle approval “from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License.”

For more details, check here.

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