Mars Finance reports that BlackRock has obtained approval from the UK Financial Conduct Authority (FCA) to register as a cryptocurrency company, which means this investment giant can provide crypto services in the United Kingdom. According to the regulatory agency's website, on April 1st, BlackRock became the 51st crypto asset company registered with the agency, joining companies like Coinbase, PayPal, and Revolut. The agency, which has previously been criticized by the crypto industry for approving only about 14% of registration applications, stated on its website: "We rejected submissions that did not contain key components necessary for assessment, or submissions that were invalid due to poor quality of key components."
BlackRock receives approval from UK regulator to operate as a crypto asset firm
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