Bitstamp is now included in the FCA’s list of registered crypto firms

The United Kingdom branch of cryptocurrency exchange Bitstamp has joined the list of firms registered under the country’s Financial Conduct Authority.

Bitstamp UK Ltd and Interactive Brokers Ltd, according to the FCA list of registered cryptoasset firms as of 13 June became The FCA added Hidden Road Partners and Moonpay in December 2022 – the first companies to join other registered entities in the UK after around 6 months. counter-terrorism (CFT) requirements, among others.

We are proud to have been recognized by the FCA as providing the gold standard in crypto compliance to customers in the UK.

Bitstamp is now registered with the UK’s Financial Conduct Authority (FCA) as a cryptoasset business.

Thank you for your continued support!

more info:… pic.twitter.com/SRO9LTqTux

— Bitstamp (@Bitstamp) June 13, 2023

In the UK, firms permitted to “carry out crypto asset activities” must either be registered with the FCA or granted temporary status to operate. The financial watchdog previously issued orders for Binance Markets Ltd to cease its UK operations, as well as for local crypto ATM operators to “shut down or face further action”.

Cointelegraph contacted Bitstamp but did not receive a response at the time of publication. Blockchain-based payments platform Ripple announced in a May shareholder conference call that it had taken a minority stake in Bitstamp in the first quarter of 2023.

Connected: UK FCA to take action against unregistered, illegal cryptocurrency ATMs

Lawmakers in the UK are proposing a comprehensive crypto asset regulatory framework that aims to give crypto a more prominent role in the country’s financial services sector as well as foster an approach to encourage innovation in the space. At the time of publication, the Government was collecting responses to the consultation paper on the Framework and considering next steps going forward.

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