{"id":358048,"date":"2021-10-26T11:16:15","date_gmt":"2021-10-26T08:16:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uk-fca-grants-registration-to-crypto-startup-crypterium\/"},"modified":"2021-10-26T11:16:15","modified_gmt":"2021-10-26T08:16:15","slug":"uk-fca-grants-registration-to-crypto-startup-crypterium","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uk-fca-grants-registration-to-crypto-startup-crypterium\/","title":{"rendered":"# UK FCA grants registration to crypto startup Crypterium"},"content":{"rendered":"

“# UK FCA grants registration to crypto startup Crypterium <\/strong>”
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British cryptocurrency services provider Crypterium is the latest crypto firm to secure registration from the United Kingdom\u2019s Financial Conduct Authority (FCA).<\/p>\n

Crypterium officially announced<\/a>\u00a0on Oct. 25 that it has recently been registered by the FCA to provide cryptocurrency services to local citizens and companies, becoming one of few companies to have passed the registration process.<\/p>\n

According to data on the FCA\u2019s official website<\/a>, Crypterium has been registered to operate \u201ccertain crypto asset activities\u201d in compliance with the country\u2019s Anti-Money Laundering (AML) regulations since Oct. 11.<\/p>\n

The registration officially authorized Crypterium to continue providing its crypto wallet services, including crypto trading and payment services, to \u201cpractically everybody\u201d in the United Kingdom, the announcement notes. The registration is particularly important amid the upcoming Brexit measures, allowing Crypterium to provide the same level of functionality to U.K. businesses as in other supported countries.<\/p>\n

According to the announcement, Crypterium\u2019s crypto wallet app<\/a>lication is available in more than 170 countries and has amassed over 400,000 clients since its launch.<\/p>\n

\u201cBecoming 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,\u201d Crypterium CEO Steven Parker said.<\/p>\n

The firm noted that the FCA registration is extensive, taking \u201c18 months of policies and processes assessment before approval is granted.\u201d The firm did not immedia<\/a>tely respond to Cointelegraph\u2019s request for comment.<\/p>\n

Related: <\/em><\/strong>Competition drives young traders\u2019 crypto investments, says UK watchdog<\/em><\/strong><\/p>\n

By obtaining the FCA registration, Crypterium joins a handful of companies that the U.K. authority has registered\u00a0so far, including two firms affiliated with Winklevoss twins\u2019 crypto exchange Gemini, Australian exchange CoinJar, crypto-friendly bank Ziglu, Archax, Diginex\u2019s Digivault and others. Earlier this year, the FCA warned against 111 unregistered crypto companies. Previously, 51 companies reportedly withdrew their licensing applications with the FCA amid strict local AML regulations.<\/p>\n