Singapore-based cryptocurrency exchange Crypto.com has received a license for crypto-asset activities from the UK regulator, the Financial Conduct Authority (FCA).
According to information contained in the FCA financial services registry, Crypto.com 16 August in England on crypto asset activities has been licensed for. FORIS DAX UK Operating in the UK under the name Crypto.com, it has also registered that it has successfully implemented the Money Laundering guidelines.
Cyrpto.com has a license with a exchange of cryptocurrencies with another, replacing a cryptocurrency with a fiat currency or exchanging fiat money with cryptocurrencies able to provide its services legally. Crypto.com, which has access to the legal right to offer spot market services, derivatives services Whether it will take any action on it is yet to be determined. Unknown.
The Singaporean cryptocurrency exchange, which has more than 50 million users, has recently received approval from Canada and Southern Cyprus, especially South Korea, which has a market of 1.8 trillion dollars.
The FCA had previously banned two Crypto.com ads from running, citing incomplete information and encouraging people to buy Bitcoin with a credit card.