UK Crypto Liquidity Provider Receives Financial Regulator’s Approval (cointelegraph.com)
Here’s the best tl;dr summary we could make of cointelegraph’s coverage of crypto liquidity startup B2C2:
United Kingdom crypto liquidity startup B2C2 OTC Ltd. has received approval from the country’s Financial Conduct Authority on Wednesday, Jan. 30, according to a record in the FCA’s register.
The FCA may compensate customers in case the company fails, as can been seen from the text of the registry record.
As Cointelegraph reported earlier in January, the FCA recently released a consultation paper titled “Guidance on Cryptoassets.”
In the paper, the regulator describes several ways to treat cryptocurrencies: digital assets could be considered “Specified Investments” under the UK Regulated Activities Order or “Financial Instruments” regulated by the Markets in Financial Instruments Directive II. The FCA also mentions in the paper that such assets could be regulated by E-Money Regulations or Payment Services Regulations.
Original article reduced by: 37%
Read the full article here.
Related story: VanEck & Bitcoin ETF Hopefuls Refile Application To U.S. SEC (newsbtc.com)
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