In greater detail, Crypterium has recently been registered by the UK’s Financial Conduct Authority (FCA) to provide cryptocurrency services to UK citizens and companies. It’s important to mention that we were one of only a small handful of companies to have passed the registration process from almost 200 projects that have applied so far .
This registration ensures that Crypterium can continue to provide its crypto wallet services, including its VISA cards and exchange functions, to practically everybody in the UK even after Brexit measures kick in. Our market-leading B2B offering can also provide the same level of functionality to UK businesses.
FCA crypto registration is an extensive, detailed process, taking almost 18 months of policies and processes assessment before approval is granted. This highlights the quality of the systems and compliance procedures applied by Crypterium.
“Becoming an FCA-registered firm is a fantastic opportunity. From now on, interested parties will view Crypterium in a new light, a company that puts user security and accessibility first. Not only do we provide an excellent set of services, but now we can show that these are done with full compliance of some of the toughest assessment criteria.” Crypterium CEO Steven Parker.
Those companies that can pass the United Kingdom’s rigorous approach to crypto regulation will clearly be on the right regulatory path in other markets which are sure to follow the approach of respected financial centers. With that in mind, customers can carry out their crypto-transactions staying sure that their crypto wallet follows the most stringent compliance requirements.