Crypto.com, the well-known crypto exchange, has earned approval from UK’s Financial Conduct Authority (FCA) and is now operating as a crypto business in “Old Blighty”, too.
Apart from being able to legally offer its service in the UK, the exchange also meets the country’s regulations pertaining to the prevention of money laundering.
This piece of news is another indicator of the UK’s increasing crypto adoption. For instance, we reported last month that legal papers had been served for the first time in the UK through an NFT airdrop.
Despite this expansion, Crypto.com is currently not in the finest position. In June, the exchange was forced to lay off 5% of its workforce due to the ongoing adverse market conditions, amounting to some 260 former employees.