UK - Komainu Gets Approval For UK Crypto Register: Crypto Custody Goes Mainstream | Benzinga
Digital asset custody service provider Komainu secured approval on Friday from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider.
The FCA's new promotions rules came into effect over the weekend, reported CoinDesk. The rules require firms to be registered in the U.K. to be able to approve their ads and convey appropriate risk warnings to users, it was further reported. Non-compliance could mean up to two years of imprisonment.
This authorization aligns with the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) regulations from 2017.
As the crypto industry continues to evolve, events such ...