UK’s FCA awarded operational licenses to Archax and Gemini

UK’s FCA awarded operational licenses to Archax and Gemini
фото показано с : invezz.com

2020-8-21 15:45

UK-based digital security exchange, Archax, and Gemini, belonging to the Winklevoss twins, are now licensed to operate in the country which has been confirmed through the UK’s Financial Conduct Authority (FCA) website.

Additionally, the FCA has warned unregistered crypto businesses to register with the agency as soon as possible. Otherwise, they will be banned after 10 January 2021.

Archax FCA approval

Archax that was the first to receive the license on 18 August 2020 is the first-ever regulated digital securities custodian in the UK. Archax also disclosed in a blog post that the platform had also received crypto-asset registration from the FCA, making it a legit Virtual Asset Service Provider (VASP).

While commenting on the milestone, David Lester, a non-executive director at Archax stated,

‘’Blockchain and tokenisation are innovations that can empower more frictionless and transparent markets which, combined with an FCA regulated exchange like Archax, can deliver what capital providers, business leaders, and founders now really need. ‘’

Graham Rodford, the CEO of Archax, added,

“We have been talking to the FCA for a while and the application process has been a tough journey, but we are pleased to have now achieved our first significant milestone as we prepare to launch the UK’s first FCA regulated digital securities exchange later this year.

Gemini is also approved

A day after Archax received its license, Gemini UK also appeared on the watchdog’s website on 19 August 2020. The crypto exchange is a branch of Gemini Europe Limited, which is owned by the famous crypto twins, Cameron and Tyler Winklevoss. The two shot to fame when they became the ‘first self-made Bitcoin billionaires’ during the 2017/2018 bull run.

FCA crypto regulation in the UK

The UK financial watchdog had given crypto operators in the country up to 30 June to submit applications detailing how they would comply with the country’s new requirements. The watchdog called for applications following the release of a consultation paper to the public in January, which gave guidance on the operation of crypto companies in the country. FCA is UK’s official supervisor of anti-money laundering and counter-terrorist financing.

UK’s booming crypto scene

There’s growing crypto-related activities in the UK, and the government is keen to regulate the industry. The Bank of England is already working on developing a Central Bank Digital Currency (CBDC) that will help with financial traceability and audit in the country. The UK is encouraging the development of DLT applications that will help solve various challenges in the country.

The post UK’s FCA awarded operational licenses to Archax and Gemini appeared first on Invezz.

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gemini fca → Результатов: 8


Британский регулятор одобрил работу криптобиржи Gemini

Биржа близнецов Уинклвосс стала второй компанией, попавшей в специальный реестр FCA. До этого регулятор одобрил деятельность лондонской криптобиржи Archax.

2020-8-20 11:55


Фото:

Финансовый регулятор Великобритании аккредитовал биткоин-биржу Gemini

Британское Управление по финансовому надзору (FCA) зарегистрировало два филиала криптовалютной биржи братьев Уинклвоссов Gemini. Компания выполнила требования регулятора по соблюдению Пятой директивы ЕС по борьбе с отмыванием денег (AMLD5).

2020-8-20 11:43


Криптобиржа Gemini может выйти на британский рынок

Криптобиржа братьев-миллиардеров Уинклвосс — Gemini — готовится к выходу на рынок Великобритании. Об этом пишет Financial Times ссылкой на собственные источники. По данным издания, Gemini собрала группу специалистов по решению юридических вопросов для получения лицензии от Управления финансового надзора (FCA) и планирует расширение деятельности в Великобритании.

2018-9-24 19:22


Биржа братьев Винкльвосс выходит на британский рынок

Братья Винкльвосс планируют расширить влияние своей биржи и выйти на рынок Великобритании. Компания вполне серьёзно намерена подать заявку в Управление финансового надзора (FCA), чтобы получить лицензию.

2018-9-24 19:18


СМИ: биткоин-биржа Gemini намерена выйти на британский рынок

Основатели биткоин-биржи Gemini братья Уинклвосс изучают возможности расширения своего бизнеса в Великобритании. Компания намерена подать заявку на получение лицензии в Управление финансового надзора (FCA).

2018-9-24 13:01