Crypto Facilities, a fully-owned subsidy of popular crypto exchange Kraken has got the approval of the top financial regulators in the UK. The Financial Conduct Authority (FCA) issued an MLR license which indicates that Crypto Facilities is now compliant with the UK’s anti-money laundering regulations, making it one of the selected few crypto companies to have got FCA’s clearance.
The clearance comes as a huge relief for the Kraken exchange in particular as it would allow the firm to offer crypto derivatives services in the country via its subsidiary. The FCA has tightened its grip around unregulated crypto derivative products forcing many mainstream crypto exchanges to withdraw derivative services. Now, Kraken would be among the very few crypto platforms to offer the derivatives services giving it a necessary market push.
Crypto Facilities CEO Gary Worrall said,
“It paves the way for us to enhance and expand our offering, ensuring clients have access to the various exposures tha
We współpracy z: https://coingape.com/breaking-kraken-owned-subsidy-in-uk-gets-fca-approval/
