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Crypto.com Makes Waves in the UK: Receives Regulatory Approval from FCA

CronosChainNews by CronosChainNews
August 17, 2022
in Cronos, Regulations
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Crypto.com Makes Waves in the UK: Receives Regulatory Approval from FCA
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The crypto world is electrified with excitement as Crypto.com, the world’s fastest-growing cryptocurrency platform, proudly announces a major triumph: receiving regulatory approval from the esteemed Financial Conduct Authority (FCA) in the United Kingdom (UK) as a crypto asset business. This landmark registration paves the way for Crypto.com to offer a diverse suite of products and services to customers in the UK, all in strict compliance with local regulations. Kris Marszalek, the visionary Co-Founder and CEO of Crypto.com, expressed his enthusiasm for this significant milestone, stating, “This is a significant milestone for Crypto.com, with the UK representing a strategically important market for us and at a time when the government is pushing forward with its agenda to make Britain a global hub for crypto asset technology and investment. We are committed to the UK market and look forward to developing our platform and presence in the UK further by expanding our offering to customers while continuing to work with regulators.” The UK’s dynamic crypto landscape presents a world of opportunities, and Crypto.com’s dedicated efforts to secure top talent reflect their commitment to the region. With recent key appointments, including a UK General Manager and a Global Head of Sustainability and ESG, Crypto.com is poised to elevate the crypto experience for UK customers, addressing their needs while fostering sustainable growth in the industry. As the adoption of cryptocurrencies skyrockets, the UK emerges as a high-potential market, with a staggering 650% increase in adoption from 2018 to 2021, as revealed by BanklessTimes research. With regulatory approval from FCA, Crypto.com is positioned to cater to the burgeoning demand, empowering users to embrace the world of digital finance with confidence. Join Crypto.com on this exhilarating journey as they redefine the possibilities of crypto in the UK. Embrace a future where innovation, compliance, and customer-centricity converge, enabling users to navigate the crypto landscape seamlessly and securely. The future is bright, and Crypto.com is leading the charge in making the UK a thriving hub for crypto asset technology and investment, setting a precedent for responsible and progressive growth in the crypto industry.
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