#What Does Blockchain.com’s Registration with the FCA Mean?
Blockchain.com has officially secured registration with the UK Financial Conduct Authority, allowing it to operate as a crypto asset business. This significant step enables the company to offer a variety of services including brokerage, custody, and institutional-grade crypto solutions under one of the world's most comprehensive regulatory frameworks.
Founded in the UK in 2011, Blockchain.com has played a crucial role in the crypto ecosystem for over ten years and continues to adapt to evolving regulations.
The CEO expressed the company's determination to engage collaboratively with the FCA and UK policymakers as they work towards establishing a permanent regulatory environment, expected to be in place by 2027. This proactive approach showcases the company’s commitment to compliance and responsible growth.
Blockchain.com recently received approval under the European Union’s Markets in Crypto-Assets framework. This approval grants them the ability to operate across all 30 countries in the European Economic Area with a unified license.
Co-founder Nic Cary highlighted that the UK registration underscores a long-term dedication to building in a highly respected regulatory environment, ensuring the company aligns with evolving standards.
As part of the transition towards the new regulatory regime, Blockchain.com intends to apply for full authorization later this year. With this registration, the firm is set to offer FCA-compliant services including digital asset custody, wallet solutions, institutional compliance tools, and brokerage access.
Blockchain.com’s growth trajectory is marked by its remarkable track record, having served over 90 million wallets and facilitated over $1.2 trillion in crypto transactions. With these developments, the company not only strengthens its credibility but also enhances the overall landscape of the cryptocurrency industry in the UK.