revolut
FCA green lights Revolut, making no UK crypto firms operating under temporary status
The United Kingdom’s Financial Conduct Authority, or FCA, has added cryptocurrency-friendly payments app Revolut to its list of companies authorized to offer crypto products and services in the country. In a Monday update to its list of registered crypto asset firms in the U.K., the FCA showed Revolut was in compliance with amended regulations from 2017 on “Money Laundering, Terrorist Financing and Transfer of Funds.” The fintech firm joined 37 other companies with the green light to offer crypto services in the country after being granted an extension to operate as a crypto asset firm with temporary registration in March. Firms offering crypto-related products and services in the U.K. are permitted to operate following registration with the FCA, a rule in force since 2020. How...
