• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Crypterium Gets Registration Approval From FCA

October 26, 2021
in Crypto News
Reading Time: 2 mins read
A A
0
Crypterium Gets Registration Approval From FCA
0
SHARES
6
VIEWS
ShareShareShareShareShare

UK-based financial technology firm Crypterium has announced that it has acquired official registration from the UK’s Financial Conduct Authority (FCA), setting its sights on expanding its services to more customers.

Established in 2018, Crypterium says that its mission is to bring transparency and efficiency to “everyday digital asset finances.” This means that the firm serves as a platform to connect both crypto and traditional finance into a new, digital economy.

Crypterium’s platform currently serves over 170 countries across the globe, and also has integrations with VISA through its proprietary Crypterium Card, which it has issued to over 30,000 users across its network, which itself processes some 2.5 million transactions on a monthly basis. Crypterium currently has a limited user count of only about 450,000 — but it will likely expand and accelerate its user base due to the FCA’s registration approval.

“Becoming an FCA-registered firm is a fantastic opportunity. From now on, interested parties will view Crypterium in a new light, a company that puts user security and accessibility first. Not only do we provide an excellent set of services, but now we can show that these are done with full compliance of some of the toughest assessment criteria,” shared Crypterium CEO Steven Parker.

In recent news, the UK’s FCA has been campaigning against irresponsible cryptocurrency trading, warning younger crypto users of the risks associated with the industry. Earlier this year, the FCA banned Binance while also issuing a research that showed how UK citizens are increasingly becoming aware and educated about crypto.

The increased regulatory oversight on the crypto industry, specifically in the UK, has led to a blanket rule on anti-money laundering legislation overseen by the FCA, in which it implemented stricter compliance frameworks for crypto and crypto-adjacent businesses, a campaign that began sometime in January 2020. To date, the FCA has authorized the registration of 15 crypto and fintech firms.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Don’t expect a crypto-linked credit card anytime soon

Next Post

Mark Zuckerberg says Facebook’s future is ‘young adults’ and the metaverse

Related Posts

BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty
Crypto News

BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty

June 29, 2022
4
ChangeNOW’s Mike Ermolaev on Non-Custodial Wallets vs. CEXs in Forbes Interview
Crypto News

ChangeNOW’s Mike Ermolaev on Non-Custodial Wallets vs. CEXs in Forbes Interview

June 29, 2022
7
Snoop Dogg on crypto winter and why its good for the industry
Crypto News

Snoop Dogg on crypto winter and why its good for the industry

June 29, 2022
5
White House set to make recommendations to reduce crypto energy consumption
Crypto News

Crypto miners putting more pressure on Bitcoin price

June 29, 2022
5
Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US
Crypto News

Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US

June 29, 2022
4
Next Post
Mark Zuckerberg says Facebook’s future is ‘young adults’ and the metaverse

Mark Zuckerberg says Facebook's future is 'young adults' and the metaverse

Recommended

Top Coinbase Officials Jointly Sold Over $1 Billion Worth of COIN Stock

Top Coinbase Officials Jointly Sold Over $1 Billion Worth of COIN Stock

May 30, 2022
6
Canada’s Aurora Cannabis to shut down a facility in Edmonton

Spirit Airlines Announces Amended Merger Agreement with Frontier, Including Increased Per-Share Cash Consideration and $350 Million Reverse Termination Fee

June 25, 2022
8
Bitcoin Miners in Kazakhstan To Pay Taxes Correlated to BTC Price

Yeonmi Park Co-Signs Letter to Congress Explaining Bitcoin’s Importance for Human Rights

June 8, 2022
6
Why Is Inflation So High Right Now? 6 Reasons & What Comes Next

Why Is Inflation So High Right Now? 6 Reasons & What Comes Next

June 9, 2022
4
Strategic Cost Management Helps Energy Companies Uncover Supply Chain Inefficiencies

Strategic Cost Management Helps Energy Companies Uncover Supply Chain Inefficiencies

June 13, 2022
7
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Economic Pressures Contribute to Finance Leaders Improving Last-Mile Readiness
  • BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty
  • 80% of U.S. Small Businesses Are Confident They Could Withstand a U.S. Economic Recession

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?