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Coinpass Secures FCA Approval as Cryptocurrency Business

The Coinpass team is pleased to announce its approval as a crypto asset company registered with the Financial Conduct Authority (reference number 921481).

Coinpass management teams have always believed in sticking to regulating parts of the crypto ecosystem that is tied to the traditional financial world. Transactions between banks and cryptos on a single digital layer has been the vision of Coinpass since its inception. With the registration with the Financial Conduct Authority in the UK now in place, our vision is one step closer to reality.

Coinpass CEO Jeff Hancock commented: “We are very pleased that individual investors and companies have become one of the first cryptocurrency exchanges based in the UK to be fully registered with the Financial Conduct Authority as a crypto asset company. We fully support the need for exchange and gateway regulatory guidelines to evolve the crypto market into something more comprehensive and attractive to more users. UK is an investment and fintech financial hub And FCA’s guidance to become a world leader in cryptocurrency regulation. With this registration, I am very bullish on the future of cryptocurrency in the UK and proud of our achievements. “

Previously, UK investors and traders in the crypto market could use offshore unregistered exchanges to invest in cryptocurrencies such as Bitcoin and Ethereum, resulting in potential money laundering and loss of money. , And were exposed to inadequate customer service. Many UK banks oppose cryptocurrency transactions from client accounts because of the jurisdiction of a particular exchange or a source of funding in attempting to liquidate their holdings of crypto assets. The introduction of mandatory registrations by UK crypto companies to comply with anti-money laundering guidelines, regulations and policies to provide crypto assets is the strength of the crypto ecosystem for UK investors. Ensure improvement.

Coinpass Limited (coinpass.com) is a UK cryptocurrency exchange registered as a crypto asset company with the Financial Conduct Authority of the United Kingdom. Coinpass serves both retail and corporate clients who want to buy, sell, trade and retain cryptocurrencies such as Bitcoin and Ethereum in the UK.

Coinpass Secures FCA Approval as Cryptocurrency Business

Source link Coinpass Secures FCA Approval as Cryptocurrency Business

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