2 years ago
The U.K.'s Financial Conduct Authority pushed backmost its March 31 deadline for immoderate crypto firms to attain afloat registration.
Companies that had applied for registration with the U.K.'s fiscal watchdog that had yet to beryllium either accepted oregon rejected had been placed connected a impermanent registry allowing them to proceed operating until March 31.
In an update published Wednesday, the FCA said: "The Temporary Registration Regime (TRR) volition adjacent connected 1 April, for each but for a tiny fig of firms wherever it is strictly indispensable to proceed to person impermanent registration."
A twelve firms presently inhabit the TRR, including companies specified arsenic Blockchain.com, Copper and Revolut.
More than 100 crypto firms applied for registration with the FCA aft the regulator became the anti-money laundering and counter-terrorism financing authorization successful the U.K. astatine the commencement of 2020.
To date, 33 person been approved. More than 60 person been rejected oregon withdrew their applications. Crypto payments steadfast Wirex was the astir caller firm to bash so, withdrawing its exertion this week.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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