Bitstamp is reporting that it has secured registration as a cryptoasset service provider by the UK Financial Conduct Authority.
Bitstamp currently claims 52 licenses and registrations secured with financial regulators across the globe.
Firms carrying out specific cryptoasset activities in the UK must comply with the amended Money Laundering, Terrorist Financing, and Transfer of Funds Regulations and register with the FCA.
Bitstamp states that it is the first crypto exchange to be registered by the FCA since the UK Treasury set out a consultation in February 2023 to strengthen regulation of cryptoasset activities.
In Europe, Bitstamp has received VASP [virtual asset service provider] licenses in three markets in the region: Italy, Spain, and France.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, said they are proud to be one of the few crypto exchanges recognized by the FC.
“Since 2011 we have been in a strong regulatory and trusted position and have built our business around offering safety and security to all our customers. This latest registration in the UK supports our mission to be the most compliant, secure, and transparent crypto exchange for both individuals and businesses.”