Crypto.com Receives Approval to Operate in the United Kingdom

17.08.2022 09:55
by Sviatoslav Pinchuk
1 min read

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.

Author

  • Man who simply bought some BTC for domestic needs in 2014 and then forgot about it till 2017. The dude who got Etherium in 2017 by misclick and sold it in 2018 "just to try". Lost 1 Florida house in XEM in 2018, Sviatoslav finally decided to trade reasonably and now he is one of the most analytical and data-driven trader in Crypto Industry. Has Bachelor Degree of Chinese Interpreter and deep practical experience in competitive niches SEO.

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