Coinpass obtains UK Financial Conduct Authority approval

TL;DR Breakdown • The UK Financial Conduct Authority clarifies that crypto platforms registration is mandatory.• The cryptocurrency platform Coinpass aims to link banks with Bitcoin transactions. Coinpass management group, a UK-registered cryptocurrency company, has always sought to follow the regulations imposed by the national authority. Transfers between the traditional bank and crypto on a single web platform are the company’s goal. Although the path to crypto trading approval has not been easy, the company has obtained the FCA support. The CEO of the crypto management agency, Jeff Hancock, announces that his team is pleased to be one of the first crypto platforms in the UK with FCA approval. Hancock clarifies that the company will trade cryptocurrencies without problems with the Financing Conduct Authority registration. Coinpass boosts cryptocurrency management after FCA registration The Coinpass CEO understands each measure imposed by the Financial Authority and intends to comply with his work team. Hancock wants cryptocurrency trading to evolve as more users in the UK embrace crypto-assets. The FCA sets crypto regulations in Europe, which seek to create a favorable environment for investors. Before FCA regulations, cryptocurrency investors in the country were exposed to money laundering scams and crimes. Several banks in the UK have refused to trade cryptocurrencies due to exposing themselves to legal charges wi...