Blockchain.com Secures FCA Registration Nearly Four | Crypto Work Pro
Blockchain.com has obtained regulatory registration in
the UK, practically 4 years after it withdrew an earlier utility to the
Financial Conduct Authority (FCA). The transfer brings the London-based crypto firm back
underneath UK oversight because the nation prepares tighter guidelines for digital belongings.
FCA Registration Granted
The FCA added Blockchain.com to its register of
licensed crypto corporations underneath the trading identify “BC Operations.” The
registration permits the company to hold out sure crypto-related actions
within the UK, as long because it complies with money laundering and counter-terrorist
financing laws.
By working as a registered crypto asset business underneath the FCA, we’re doubling down on our dedication to security and transparency. This solidifies our UK operations in preparation for the subsequent era of financial innovation, together with:✅Offering digital asset custody…
— Blockchain.com (@blockchain) February 10, 2026
“Securing this registration in the present day places us underneath lively
oversight instantly. Instead of ready for laws, Blockchain.com is
now working underneath the identical rigorous requirements as conventional finance and
banks within the UK,” the crypto firm talked about.
Related: Crypto Firms Must Apply for FCA Authorisation Starting September This Year
Blockchain.com operates as a cryptocurrency exchange
and wallet supplier. The firm is headquartered in London, making the UK
approval a key step for its native operations.
Blockchain.com beforehand sought FCA licensing however
selected to withdraw its utility in March 2022. At that time, the company had
not acquired approval earlier than an impending regulatory deadline. After the
withdrawal, Blockchain.com pivoted to its registered business in Lithuania to
proceed its actions underneath a completely different regulatory base.
Compliance and Scope of Approval
Under its present registration, Blockchain.com should
observe UK guidelines associated to anti-money laundering and counter-terrorist
financing. In a post on X, the company stated it now operates underneath the identical
rigorous requirements as conventional finance and banks within the UK.
The FCA plans to introduce a broader crypto licensing
framework from October subsequent yr. That future regime is predicted to transcend
financial crime checks and transfer in direction of fuller regulation of crypto companies.
Blockchain.com’s present registration locations it within
the present UK system forward of these modifications, offering a clearer regulatory
footing as new guidelines come into drive.
Earlier, the FCA set out new necessities for corporations seeking to interact in regulated crypto asset actions, with
purposes anticipated to open in September.
Firms will need to acquire authorization underneath the
Financial Services and Markets Act earlier than the new regulatory framework takes
impact in October 2027. To put together for the transition, the FCA launched a
public session to guage how present handbook guidelines ought to apply to
crypto corporations.
This article was written by Jared Kirui at www.financemagnates.com.
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