1 year ago
Komainu is expanding its beingness successful the U.K. aft making an statement with authorities to store crypto seized during section investigations successful 2021.
Komainu, a cryptocurrency custody steadfast co-created by crypto concern steadfast CoinShares, hardware wallet institution Ledger and Japanese Nomura, has secured large regulatory support successful the United Kingdom.
The institution announced connected Oct. 6 that it has received support from the U.K. Financial Conduct Authority (FCA) to registry arsenic a custodian wallet supplier nether the Money Laundering, Terrorist Financing and Transfer of Funds regulations 2017.
The crypto plus registration with the FCA allows Komainu to connection crypto custody services successful the United Kingdom, including collateral absorption services done its Komainu Connect platform.
“The U.K. remains 1 of the astir important hubs for fiscal exertion and innovation that volition spur the convergence of accepted and decentralized finance,” Komainu CEO Nicolas Bertrand said.
Related: CoinShares says US not lagging successful crypto adoption and regulation
Komainu’s latest regulatory support comes soon aft the institution obtained a afloat operating license from Dubai’s Virtual Asset Regulatory Authority successful August 2023. The crypto custody level is besides regulated by the Jersey Financial Services Commission, wherever it remains headquartered.
As antecedently reported, Komainu has been intimately moving with U.K. authorities successful caller years. In aboriginal 2021, Komainu claimed that made an statement with the section authorities to securely store integer assets seized during the investigatory process.
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