Category: Business

Financial Conduct Authority (FCA) which is Britain’s top financial regulator has extended the temporary registration (TRR) list of crypto-asset firms. Five crypto firms were added to the list to continue to operate in the United Kingdom with temporary registration (TRR) which reflects they're still able to trade while their applications are being considered by the U.K. financial services regulator. Initially, names of twelve firms were there in the TRR list which was reduced to five. At the end of March British financial regulator said that the registration deadline for some crypto firms has been extended so as to meet its regulatory requirements. During that time there were twelve firms on the temporary registration list which has now dropped to five. Last week was the deadline for crypto firms to register with the FCA. But still the applications for these newly added firms are pending. The total number of full registered crypto firms that FCA has approved since August 2020 was around 34 to which these five new firm names were added. According to the updated document on the FCA website, the five firms on the list are Cex.io Ltd., Copper Technologies (UK) Ltd., Global block Ltd., Revolut Ltd., and Moneybrain Ltd. It is not clear how long will these firms continue to be allowed to operate under this temporary registration status.