PANews reported on April 3rd that according to CoinDesk, the UK subsidiary of digital asset financial services company GAL announced that its derivative trading license application to the Financial Conduct Authority (FCA) has been officially approved. GAL's investment banking division will use this FCA authorization to conduct capital raising and investment banking services in the United Kingdom. The UK subsidiary will also provide fund distribution support for its asset management business.

The GAL UK company is currently listed in two major FCA regulatory directories: both as an authorized institution providing investment services under the EU Financial Instruments Market Directive (MiFID), and GAL joined the FCA's cryptocurrency registry in 2021.