The U.K.’s financial regulator is extending a Thursday deadline for its approval of crypto operations, giving a dozen firms more time to get their applications or affairs in order.
The Financial Conduct Authority said firms on its temporary register of cryptoasset businesses -- including digital bank Revolut and cryptocurrency custody firm Copper Technologies -- will be given additional time if they can show they require it, such as providing more information for their application, pursuing an appeal against the FCA’s decision or to wind down their operations.
More than a hundred firms applied for temporary permission to operate while their ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.