The number of crypto-related companies operating without a license still outnumbers those registered with the UK’s Financial Conduct Authority. Crypto.com has become the latest company in the cryptocurrency ecosystem to register with the FCA, joining a list of 37 companies approved to provide services in the country.
Only seven companies went through the registration process in 2022 for AML approval, including eToro UK, DRW Global Markets LTD, Zodia Markets (UK) Limited, Uphold Europe Limited, Rubicon Digital UK Limited and Wintermute Trading LTD. Crypto.com is the seventh place, registered under FORIS UK Limited.
The FCA has also compiled a list of UK-based companies that continue to engage in “crypto-asset activities” without being registered with the FCA for anti-money laundering (AML) purposes. The list is extensive, and mainly includes companies that offer a variety of cryptocurrency trading and currency exchange services.
