UK regulator extends deadline for crypto firms to make it onto a key register

▤ Summary

The U.K.s Financial Conduct Authority said Wednesday it is giving some crypto companies more time to register with the regulator beyond an original Mar. A select few firms, including the fintech company Revolut and crypto start-up Copper, will be allowed to continue trading after a temporary registration regime closes, the FCA said in an update on its website. Crypto firms operating in the U.K. are required to be registered with the FCA under money laundering regulations. The FCA set up a temporary register to allow firms to continue trading while they sought full authorization. B2C2 is shifting its spot trading operations to a U.S. entity, while Wirex plans to offer crypto services to Brits from a Croatian subsidiary.

▦ Linked Companies