The U.K. financial regulator, the Financial Conduct Authority (FCA), has extended its April 1 registration deadline for a number of crypto firms to meet its regulatory requirements. The British regulator has registered 33 crypto firms so far and 12 firms are holding temporary registration.
FCA Extends Deadline for Crypto Firms
The U.K.’s Financial Conduct Authority (FCA) updated information on the Temporary Registration Regime (TRR) on its website Wednesday, ahead of the April 1 registration deadline for crypto firms.
The Temporary Registration Regime was established in December 2020 to allow existing crypto businesses that applied for registration before Dec. 16, 2020, to keep operating while the FCA continues to assess their applications.
The FCA detailed:
We have concluded our assessments, and the TRR will close on 1 April, for all but for a small number of firms where it is strictly necessary to continue to have temporary registration.
“This is necessary where a firm may be pu
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