UK FCA grants registration to crypto startup Crypterium

British cryptocurrency service provider Crypterium is the latest crypto company to be registered with the UK Financial Conduct Authority (FCA).

Crypterium official Announce On October 25, it was recently registered by the FCA to provide cryptocurrency services to local citizens and companies, becoming one of the few companies that passed the registration process.

According to FCA official data websiteSince October 11, Crypterium has registered and operated “certain crypto asset activities” in accordance with the country’s anti-money laundering (AML) regulations.

The announcement stated that the registration officially authorizes Crypterium to continue to provide its encrypted wallet services, including encrypted transactions and payment services, to “almost everyone” in the UK. In the upcoming Brexit measures, registration is particularly important, allowing Crypterium to provide British companies with the same level of functionality as other supported countries/regions.

According to the announcement, Crypterium’s encrypted wallet application can be used in more than 170 countries/regions and has accumulated more than 400,000 customers since its launch.

“Becoming an FCA-registered company is an excellent opportunity. From now on, interested parties will see Crypterium in a new light, a company that puts user safety and accessibility in the first place. We not only provide a set Excellent service, and now we can prove that these services fully meet some of the most stringent evaluation criteria,” said Steven Parker, CEO of Crypterium.

The company pointed out that the FCA registration scope is wide, and “18 months of policy and process evaluation are required before approval.” The company did not immediately respond to Cointelegraph’s request for comment.

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By obtaining FCA registration, Crypterium has joined the few companies registered by the British authorities so far, including two companies related to Winklevoss twins’ crypto exchange Gemini, Australian exchange CoinJar, crypto-friendly banks Ziglu, Archax, Digivault of Diginex, etc. .Earlier this year, the FCA warns 111 unregistered crypto companies. Before, 51 companies reportedly withdrew their permit applications Cooperate with FCA under strict local anti-money laundering regulations.