1 year ago
Komainu, a crypto custody associated task of Nomura, Ledger and CoinShares, has successfully registered with the U.K. Financial Conduct Authority.
The institution landed connected the FCA registry connected Friday just earlier the regulator's caller promotions rules came into effect implicit the weekend. The rules necessitate firms to beryllium registered successful the U.K. to beryllium capable to o.k. their ain ads and convey due hazard warnings to users. Not complying with the rules could mean up to two years of imprisonment.
FCA-registered crypto firms are required to comply with the country's anti-money laundering rules. There are 42 firms connected the register, but astatine the opening of the year, the regulator said it had received 300 applications from firms since it opened the registration authorities successful 2021.
The FCA didn't discarded immoderate clip updating its list of unauthorized firms, adding much than 100 firms – including KuCoin and Houbi – to its informing database connected Sunday.
Edited by Sandali Handagama.
English (US) 