Bitstamp joins FCA’s list of registered crypto companies
The UK arm of cryptocurrency exchange, Bitstamp, has been registered by the Financial Conduct Authority (FCA) as one of the digital asset exchanges compliant with the country’s anti-money laundering (AML) and terrorist financing (CTF) regulations. The registration will allow Bitstamp UK to provide services such as custody of crypto assets, facilitating fiat purchases of cryptocurrencies and enabling cryptocurrency trading, the company said in a statement.
The registration of the Luxembourg-based company increases the number of registered crypto companies that comply with FCA’s AML/CTF regulations to 42. In addition, the registration has increased Bitstamp’s licenses and registrations worldwide to 52.
Bitstamp is one of the digital asset exchanges that has recently significantly expanded its services in the European market. By the end of 2022, Financial Magnates reported that four months after obtaining a similar approval in Italy, the company has received registration for a virtual asset service provider (VASP) in Spain.
The cryptocurrency exchange is already active in Luxembourg and the Netherlands. However, its approval in Spain allows it to expand the range of services it offers, including electronic custody services.
Meanwhile, Interactive Brokers, a Nasdaq-traded company based in Connecticut, was added to the FCA’s registry alongside Bitstamp. As a brokerage firm, Interactive Brokers offers trading services in Forex, Stocks, Options, Fixed Income and Funds.
The UK is preparing crypto laws
The registration of Bitstamp and Nasdaq by the FCA marks the first time in the past six months that the British watchdog has added new companies to the AML/CFT regime. The registrations come as the UK works to streamline its digital asset regulation. In February, His Majesty’s Treasury published a consultation document detailing the risks of the sector and the opportunities that can be exploited.
Despite easing its stance on digital assets, the FCA is escalating its crackdown on cryptocurrency Automated Teller Machines (ATMs). In May, the regulator ordered the closure of three crypto ATMs in Exeter, Nottingham and Sheffield. In addition, it claimed that crypto ATMs operating without a license in the UK are illegal.
CONSOB blacklists four; Vantage’s marketing manager leaves; read today’s news nuggets.
UK arm of cryptocurrency exchange, Bitstamp, has been registered by the Financial Conduct Authority (FCA) as one of the digital asset exchanges compliant with the country’s anti-money laundering (AML) and terrorist financing (CTF) regulations. The registration will allow Bitstamp UK to provide services such as custody of crypto assets, facilitating fiat purchases of cryptocurrencies and enabling cryptocurrency trading, the company said in a statement.
The registration of the Luxembourg-based company increases the number of registered crypto companies that comply with FCA’s AML/CTF regulations to 42. In addition, the registration has increased Bitstamp’s licenses and registrations worldwide to 52.
Bitstamp is one of the digital asset exchanges that has recently significantly expanded its services in the European market. By the end of 2022, Financial Magnates reported that four months after obtaining a similar approval in Italy, the company has received registration for a virtual asset service provider (VASP) in Spain.
The cryptocurrency exchange is already active in Luxembourg and the Netherlands. However, the approval in Spain allows it to expand the range of services it offers, including electronic custody services.
Meanwhile, Interactive Brokers, a Nasdaq-traded company based in Connecticut, was added to the FCA’s registry alongside Bitstamp. As a brokerage firm, Interactive Brokers offers trading services in Forex, Stocks, Options, Fixed Income and Funds.
The UK is preparing crypto laws
The registration of Bitstamp and Nasdaq by the FCA marks the first time in the past six months that the British watchdog has added new companies to the AML/CFT regime. The registrations come as the UK works to streamline its digital asset regulation. In February, His Majesty’s Treasury published a consultation document detailing the risks of the sector and the opportunities that can be exploited.
Despite easing its stance on digital assets, the FCA is escalating its crackdown on cryptocurrency Automated Teller Machines (ATMs). In May, the regulator ordered the closure of three crypto ATMs in Exeter, Nottingham and Sheffield. In addition, it claimed that crypto ATMs operating without a license in the UK are illegal.
CONSOB blacklists four; Vantage’s marketing manager leaves; read today’s news nuggets.