Crypto.com has been licensed by the FCA to operate in the UK

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According to an entry in the FCA Financial Services Register, the Crypto.com exchange has received official regulatory approval to carry out transactions with crypto assets in the UK.

Crypto.com announced that it has received approval from the UK's Financial Conduct Authority (FCA) to conduct crypto asset transactions in the country. The license will allow Crypto.com to offer a range of products and services to customers in the UK, subject to local regulations.

“This is an important milestone for Crypto.com as the UK is a strategically important market for us. This is especially significant at a time when the government is advancing its agenda to transform the UK into a global hub for technology and investment in crypto assets,” said Kris Marszalek, co-founder and CEO of Crypto.com.

According to the FCA, “permitted activities withcryptoassets" includes direct exchange between digital assets and fiat money in both directions, as well as the exchange of cryptoassets for other cryptoassets. Thus, the license will allow Crypto.com users to legally purchase cryptocurrencies.

Recently, the Crypto.com exchange received permission to provide services for the exchange and storage of digital assets in two jurisdictions at once: South Korea and Italy.