The UK arm of the Bitstamp cryptocurrency exchange has joined the list of companies registered under the country's Financial Conduct Authority.
According to the FCA list of registered crypto asset firms as of June 13, Bitstamp UK Limited and Interactive Brokers Limited become First companies to join other UK registered entities after about 6 months: FCA added Hidden Road Partners and MoonPay in December 2022. FCA listed 42 registered crypto companies compliant with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements, among others.
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Bitstamp is now registered as a crypto asset business with the UK Financial Conduct Authority (FCA).
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โBitstamp (@Bitstamp) June 13, 2023
In the UK, companies that are allowed to "carry on crypto asset activities" must be registered with the FCA or be granted temporary status to operate. The financial watchdog formerly ordered Binance Markets Limited to halt its UK operations and issued โshut down or face further actionโ orders to local crypto ATM operators.
Cointelegraph reached out to Bitstamp, but did not receive a response by press time. Ripple blockchain-based payment platform announced in a May shareholder conference call which had acquired a minority stake in Bitstamp in the first quarter of 2023.
Related: UK FCA to Take Action Against Illegal Unregistered Cryptocurrency ATMs
Lawmakers in the UK have been proposing a comprehensive regulatory framework for crypto assets aims to give cryptocurrencies a more prominent role in the nation's financial services sector, as well as promote an approach to foster innovation in the space. At press time, the government appeared to be gathering responses to the consultation paper on the framework and considering next steps.
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