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Coinbase gets green light from FCA to offer direct crypto services in the UK
The UK’s Financial Conduct Authority (FCA) has greenlit CB Payments Ltd. (CBPL), Coinbase’s UK-based subsidiary, to offer crypto services directly in the country, according to an update on the regulator’s registered crypto asset firms list. The newly granted FCA registration allows Coinbase to provide services directly to UK customers without intermediaries. Companies offering crypto services in the UK must register with the FCA under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 to ensure anti-money laundering compliance. CBPL, which has held e-money institution authorization ... (full story)