Tuesday, March 9, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Almost 200 crypto firms applied to register in the UK over the last year as global in

3 weeks ago
in stock
3 min read
Almost 200 crypto firms applied to register in the UK over the last year as global in
Share on FacebookShare on Twitter


  • The UK’s watchdog received 199 applications from crypto firms in the year to January.
  • Bitcoin took off at the end of 2020 and hit a record high of above $50,000 on Tuesday.
  • The UK regulator said firms must register with it to deal with money laundering.

Almost 200 cryptocurrency companies applied to register with the UK’s financial regulator over the 12 months, as interest in bitcoin and other digital tokens rose around the world, new figures have shown.

The UK’s Financial Conduct Authority said 199 firms – from Bitcoin ATM operators to online exchanges – had applied to register with it in the year to January after the watchdog tightened its supervision of the sector.

Bitcoin has rocketed in recent days after Elon Musk’s Tesla announced it had snapped up $1.5 billion of the digital currency. More recently, Mastercard and BNY Mellon said they would start offering customers the chance to use cryptocurrencies, adding to the legitimacy of digital coins.
The bitcoin price hit a record high of above $50,000 on Tuesday, taking year-to-date gains to around 70%.

A rise in interest in cryptocurrencies from amateur and professional investors has caught the attention of regulators.

In 2020, the UK’s Treasury said crypto firms had to register with the FCA by January 2021 to ensure they comply with money-laundering regulations.

Advertisement


Figures seen by Insider show that the FCA received 199 applications over the year to January, with the new rules coming into force from January 10. Applications came from big financial names such as Fidelity and Revolut, as well as smaller companies based in Oxford and Glasgow.

Jonathan Rowland, chief executive of London-based bitcoin banking app Mode, told Insider the figures were simply a reflection of the “ongoing adoption of bitcoin and the growth in the audience worldwide.”
He said the UK is “very well-positioned” to take advantage of the bitcoin boom, with high demand from consumers and increasing interest from companies.

Related articles

Bitcoin’s 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says

Bitcoin’s 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says

March 9, 2021
No more ‘Bitcoin effect?’ MicroStrategy stock falls by 50% in 17 days By

No more ‘Bitcoin effect?’ MicroStrategy stock falls by 50% in 17 days By

March 7, 2021

Britain’s financial regulator has granted temporary approval to 102 of the companies that applied until July, meaning they can keep serving clients. It has so far officially approved 3 separate firms: Gemini, Archax and Ziglu.

The FCA has sounded warnings about bitcoin and cryptocurrencies, reminding potential buyers to be aware of their high volatility. Bitcoin fell below $4,000 in March 2020, and tumbled from above $19,000 in 2017 to below $3,500 just over a year later.

In January, the watchdog told consumers they could “lose all their money” due to the chance that bitcoin could plunge to next to zero.



Read more:Almost 200 crypto firms applied to register in the UK over the last year as global in

Tags: appliedBitcoinbitcoin news todayCryptoCryptoCurrenciescryptocurrency regulationFinancial Conduct AuthorityFirmsGlobalMarketsRegisterUK Marketsyear

Related Posts

Bitcoin’s 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says

Bitcoin’s 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says

by Bitcoin Market
March 9, 2021
0

BloombergBitcoin Hits Highest Level in Two Weeks as Big-Money Bets Flow(Bloomberg) -- Bitcoin flirted with the $54,000 level and...

No more ‘Bitcoin effect?’ MicroStrategy stock falls by 50% in 17 days By

No more ‘Bitcoin effect?’ MicroStrategy stock falls by 50% in 17 days By

by Bitcoin Market
March 7, 2021
0

No more ‘Bitcoin effect?’ MicroStrategy stock falls by 50% in 17 days The (BTC) price correction isn’t just hurting...

Bitcoin Miner Cipher Mining Going Public in SPAC Merger | The Motley Fool

Bitcoin Miner Cipher Mining Going Public in SPAC Merger | The Motley Fool

by Bitcoin Market
March 6, 2021
0

Bitcoin (CRYPTO:BTC) is raining from the digital sky, or so it seems given the profusion of cryptocurrency businesses rushing...

Wealth Managers Want Clarity on Bitcoin Rules: Reuters

Wealth Managers Want Clarity on Bitcoin Rules: Reuters

by Bitcoin Market
March 6, 2021
0

Wealth Managers Want Clarity on Bitcoin Rules: Reuters Yahoo Finance Read more:Wealth Managers Want Clarity on Bitcoin Rules:...

The Price Average is the Line in the Sand for Bitcoin Bulls, Analyst Says

The Price Average is the Line in the Sand for Bitcoin Bulls, Analyst Says

by Bitcoin Market
March 5, 2021
0

BloombergMelvin Capital Dusts Off From GameStop Fiasco With 22% Gain(Bloomberg) -- Gabe Plotkin spent the first half of January...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Market Report: FTSE flies after Joe Biden’s $1.9tn stimulus legislation is approved

Market Report: FTSE flies after Joe Biden’s $1.9tn stimulus legislation is approved

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Market Report: FTSE flies after Joe Biden’s $1.9tn stimulus legislation is approved

Market Report: FTSE flies after Joe Biden’s $1.9tn stimulus legislation is approved

March 9, 2021
Bitcoin tops $1 trillion in value again as the cryptocurrency’s price jumps

Bitcoin tops $1 trillion in value again as the cryptocurrency’s price jumps

March 9, 2021
Mowi ASA (OSE:MOWI): Capital Markets Day 17 March 2021 from 08:00 (CET)

Mowi ASA (OSE:MOWI): Capital Markets Day 17 March 2021 from 08:00 (CET)

March 9, 2021
Private Blockchain Project Funding Accelerates as Companies Race to Address New Needs

Private Blockchain Project Funding Accelerates as Companies Race to Address New Needs

March 9, 2021
Bitcoin rises nearly 7% to $53,813, reclaims $1 trillion market capitalisation

Bitcoin rises nearly 7% to $53,813, reclaims $1 trillion market capitalisation

March 9, 2021
Gold Price Languishes as US Yields and Bitcoin Price Rebounds

Gold Price Languishes as US Yields and Bitcoin Price Rebounds

March 9, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$54,217.008.36%
  • bitcoin-cashBitcoin Cash(BCH)$544.657.00%
  • binance-coinBinance Coin(BNB)$261.8012.72%
  • bitcoin-goldBitcoin Gold(BTG)$29.954.51%
  • bitcoin-privateBitcoin Private(BTCP)$0.22035.18%
  • blocktixBlocktix(TIX)$0.0140.00%