Gets Regulatory Approval for Electronic Money Institution in UK With Financial Conduct Authority is announcing that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA).

In a new announcement, the crypto exchange says that the new EMI authorization will allow it to offer a series of UK-based e-money products “as part of the robust FCA regime that aligns with’s focus of ensuring the highest standards of consumer protection.”

Says CEO Kris Marszalek,

“The UK has and continues to be a hugely important market for our business and the greater industry… We look forward to continuing to collaborate with a global regulatory leader in the FCA in our collective pursuit of responsible innovation for crypto.” says the regulatory approval follows in the footsteps of its previous licenses, including in Singapore, France, South Korea, Italy and many other countries.

While the crypto exchange continues to make regulatory progress globally, the process has been slower going in the US.

In June of this year, announced it was winding down its US institutional services due to “limited demand from institutions in the U.S. in the current market landscape.”

In the same month that wound down its institutional services, the US government launched lawsuits against Binance, the largest exchange in the world, and Coinbase, the largest in the US.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/nemovljatko

Source link

Related posts

Leave a Comment