Digital asset exchange Crypto.com has received approval for “certain cryptoasset activities” in the United Kingdom.
Crypto.com has received registration confirmation from the Financial Conduct Authority (FCA).
FORIS DAX UK LIMITED has been registered to conduct “certain cryptoasset activities,” while also obtaining money laundering regulation status.
FORIS DAX UK LIMITED is listed as the registered U.K. trading name for Crypto.com.
The FCA defines crypto asset activity as exchanging crypto assets for money or money for crypto assets, or automating a machine to do so, and exchanging crypto assets for crypto assets.
Crypto.com is a Singapore-based cryptocurrency exchange that operates globally with over 50 million users.