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Number of UK crypto firms operating under FCA provisional registration status decreases according to Cointelegraph



Number of UK crypto firms operating under FCA provisional registration status drops

The number of companies allowed to offer crypto services to UK residents under the provisional registration status from the Financial Conduct Authority has been reduced from 12 to five.

According to Thursday’s update to the list of “Temporary Registered Cryptocurrency Companies”, the UK’s financial regulator named CEX.IO, Revolut, Globalblock and Moneybrain as companies in the crypto space are allowed to operate in countries beyond 34 registration crypto asset companies that the FCA has approved as of August 2020. The FCA said on March 30 that it will Extended registration status temporarily for “a handful of companies where it was really needed,” including 12 at the time.