Regulations
By Pankaj K
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What the FCA's New Regime Actually Means. The timing here matters a lot. The FCA's new FSMA crypto authorisation gateway opens on 30…
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The Competition Problem. None of this is easy. The UK crypto market is crowded and it's got some very entrenched players.
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Capital.com is moving. The company posted a LinkedIn job listing for a Head of Risk at Capital Vault UK — the entity it's positioning as its FCA-registered crypto arm in Britain.
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Here's the thing: Capital Vault UK, or CVUK, doesn't appear on the FCA's public crypto register right now. That register lists roughly 60 registered crypto businesses.
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So the window is tight. And Capital.com is hiring into it.
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The UK crypto market has been operating under a patchwork of AML-focused permissions for years.
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The 2027 FSMA framework is supposed to fix that patchwork problem, standardizing what permissions mean and what firms can actually do under each category.
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Related: FCA Takes Hunter Jones to Court Over Unauthorized Loan Note Sales
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Capital Vault's MiCA licence from CySEC and its UAE CMA licence are genuinely useful. The MiCA passport gives the group reach across European markets from a single regulatory…
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So Capital.com basically has to build its UK regulatory position from scratch, at the same time as the regulatory environment is shifting under everyone's feet.
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The Head of Risk hire is probably the clearest sign yet that the company is serious about getting this right rather than rushing.
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Whether CVUK gets onto the FCA register before the September 30 gateway opens, or applies through the new FSMA process directly, isn't clear.
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More context: FCA Launches Targeted Support Regime as Monzo Sees 33% Surge in Investment Accounts
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The competitive pressure isn't slowing down either. Robinhood's July addition to the FCA register, even with its restricted permissions, shows that well-funded international…
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Capital.com's international regulatory track record — CMA in the UAE, MiCA via CySEC — gives it something to point to when regulators ask about compliance history.
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