THE cryptocurrency exchange Crypto.com received, this Wednesday (17), regulatory approval from the Financial Conduct Authority (FCA) of the UKaccording to Decrypt.
With approval, Crypto.com can act as a cryptocurrencies country and must comply with local anti-money laundering regulations.
As per the British regulator document, the crypto exchange is registered under the name Foris Dax UK Limited.
“We are committed to the UK market and look forward to developing our UK platform and presence further, expanding our offerings to customers, as we continue to work with regulators,” wrote the report. CEO and co-founder of Crypto.comKris Marszalek, in the company statement.
Marszalek also stated that “the UK government is moving forward with plans to make the country a global hub for computer technology. crypto assets and investments.”
Crypto.com should have new layoffs
Although Crypto.com received approval to operate in the UK, the crypto exchange announced in June the layoff of 260 employees – 5% of the total staff – citing market conditions at the time.
Yesterday (16), however, an anonymous employee in a managerial position at Crypto.com told Decrypt that another round of layoffs was expected. Two other employees at the crypto exchange also confirmed the layoffs.
*With Decrypt information
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
