UK approves BlackRock to operate as a crypto asset firm in the country, Galaxy Digital gets derivatives trading license

Odaily News BlackRock has received approval from the UK Financial Conduct Authority to operate as a crypto asset firm in the country, while Galaxy Digital has been granted a license to trade derivatives through its London office. From 2020, companies conducting certain crypto asset activities in the UK must comply with revised money laundering, terrorist financing and money transfer regulations and register with the FCA. There are currently 51 companies on the crypto asset register, including Coinbase, Fidelity, Gemini and Kraken. Due to the FCA's strict approval process, only about 14% of applications are approved. (The Block)