The Currency analytics
By Jean-Luc Maracon
Blockchain.com got the green light. The Financial Conduct Authority just approved the crypto firm's registration after nearly four years of being shut out of the UK market, and…
The FCA added Blockchain.com to its official list of licensed crypto companies under the name "BC Operations" today.
The company didn't waste time celebrating.
"Securing this registration today puts us under active oversight immediately," Blockchain.com said in a statement.
The FCA is rolling out a comprehensive crypto licensing framework starting October next year. That's when things get really serious for crypto firms operating in the UK.
Not everyone's ready for what's coming. This follows earlier reporting on FCA Picks KPMG to Review Open.
The FCA opened application opportunities this September for crypto firms planning to engage in regulated activities.
Blockchain.com's move back into the UK regulatory environment comes as compliance becomes a bigger deal across the crypto industry.
Other crypto firms are watching closely. The FCA's requirements could set precedents that influence how crypto companies worldwide approach compliance and regulatory engagement.
The FCA has been pushing crypto firms to prepare for the new framework rolling out in October 2027.
Blockchain.com is already exploring partnerships with UK-based financial institutions to leverage its newly secured regulatory status.
But the regulatory environment keeps shifting. The FCA's upcoming licensing framework is part of a broader initiative to integrate crypto services more closely with traditional…
Blockchain.com's registration gives the firm nearly two years to prepare for the bigger regulatory changes ahead.