Blockchain.com has obtained regulatory registration in
the UK, nearly four years after it withdrew an earlier application to the
Financial Conduct Authority (FCA). The move brings the London-based crypto firm back
under UK oversight as the country prepares tighter rules for digital assets.
FCA Registration Granted
The FCA added Blockchain.com to its register of
licensed crypto companies under the trading name “BC Operations.” The
registration allows the company to carry out certain crypto-related activities
in the UK, as long as it complies with money laundering and counter-terrorist
financing regulations.
By operating as a registered crypto asset business under the FCA, we are doubling down on our commitment to security and transparency. This solidifies our UK operations in preparation for the next generation of financial innovation, including:✅Offering digital asset custody…
— Blockchain.com (@blockchain) February 10, 2026
“Securing this registration today puts us under active
oversight immediately. Instead of waiting for legislation, Blockchain.com is
now operating under the same rigorous standards as traditional finance and
banks in the UK,” the crypto firm mentioned.
Related: Crypto Firms Must Apply for FCA Authorisation Starting September This Year
Blockchain.com operates as a cryptocurrency exchange
and wallet provider. The firm is headquartered in London, making the UK
approval a key step for its local operations.
Blockchain.com previously sought FCA licensing but
chose to withdraw its application in March 2022. At that time, the company had
not received approval before an impending regulatory deadline. After the
withdrawal, Blockchain.com pivoted to its registered business in Lithuania to
continue its activities under a different regulatory base.
Compliance and Scope of Approval
Under its current registration, Blockchain.com must
follow UK rules related to anti-money laundering and counter-terrorist
financing. In a post on X, the company said it now operates under the same
rigorous standards as traditional finance and banks in the UK.
The FCA plans to introduce a broader crypto licensing
framework from October next year. That future regime is expected to go beyond
financial crime checks and move towards fuller regulation of crypto services.
Blockchain.com’s current registration places it within
the existing UK system ahead of those changes, providing a clearer regulatory
footing as new rules come into force.
Earlier, the FCA set out new requirements for companies looking to engage in regulated crypto asset activities, with
applications expected to open in September.
Firms will need to obtain authorization under the
Financial Services and Markets Act before the new regulatory framework takes
effect in October 2027. To prepare for the transition, the FCA launched a
public consultation to evaluate how existing handbook rules should apply to
crypto firms.
This article was written by Jared Kirui at www.financemagnates.com.
Source link
-1024x683.jpg "Strait Outta Hormuz: Getting the Iran Oil Story Straight")
