Whereas the UK’s Financial Conduct Authority (FCA) has previously reported that all blockchain companies must register in a special registry by early April and obtain a license that gives them the right to continue operating in the country, this week it has become known the watchdog has decided to meet the business halfway and has shifted the registration deadlines.
The British regulator has said in a statement that after March 31, a limited number of companies that need to have temporary registration will continue to operate. For example, the Blockchain.com team will be able to continue its activities in this mode.
As of March 30, more than 100 crypto companies have submitted registration applications to the FCA. Since the beginning of 2020, this department has received powers to combat the legalization of criminal proceeds.