Uphold becomes registered crypto-asset firm in UK post-FCA approval

Uphold has become a registered crypto-asset firm in the UK after receiving approval from the Financial Conduct Authority (FCA), joining a select group amid stringent regulatory requirements that have led many applicants to withdraw.

Summary

A total of 200 crypto firms have applied for the U.K.’s “crypto license,” but tough requirements have forced many to withdraw their applications.

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