FCA approves Revolut for cryptoasset register

The UK’s Financial Conduct Authority (FCA) added fintech unicorn Revolut to its cryptoasset register this week, bringing the list of companies permitted to carry out cryptoasset activities in the country to 38. 

From January 2020, firms carrying out certain cryptoasset activities in the country have been required to register with the FCA. Some companies already offering such services were able to continue under the FCA’s Temporary Registration Regime, the deadline for which was meant to expire in March 2022.

Read more: The Block