Blockchain.com secures FCA registration to operate crypto asset business in UK

Blockchain.com, which was founded in the UK more than a decade ago, has secured registration from the country's financial regulator to operate as a crypto asset business.

In a statement on Tuesday, the company said the Financial Conduct Authority (FCA) registration enables it to deliver brokerage, custodial, and institutional-grade crypto services. The approval follows Blockchain.com securing its MiCA (Markets in Crypto-Assets) license last year, which provides passporting rights across the European Economic Area, the firm said.

"We are committed to working hand-in-hand with the FCA and UK policymakers as they shape the permanent regulatory framework, ensuring the UK remains a global leader in financial innovation," Blockchain.com founder and CEO Peter Smith said.

While the registration allows Blockchain.com to expand its presence in the UK, the company said it is still working toward securing full authorization under the government’s new permanent regulatory regime, which is expected to take effect in 2027.

Currently, Blockchain.com said it has a presence across more than 70 jurisdictions globally.