Mars Finance News: BlackRock has obtained approval from the UK Financial Conduct Authority to operate as a crypto asset company in the country, while Galaxy Digital's London office has received a license for derivatives trading. Since 2020, companies conducting certain crypto asset activities in the UK must comply with revised anti-money laundering, terrorism financing, and fund transfer regulations, and register with the FCA. Currently, 51 companies are on the crypto asset register, including Coinbase, Fidelity, Gemini, and Kraken, and due to the FCA's strict approval process, only about 14% of applications are approved. (The Block)
UK approves BlackRock to operate as a crypto asset firm in the country, Galaxy Digital gets derivatives trading license
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