UK approves BlackRock to operate as a crypto asset firm in the country, Galaxy Digital gets derivatives trading license

Planet Daily News: BlackRock has obtained approval from the UK Financial Conduct Authority to operate as a crypto asset company in the country, while Galaxy Digital has been granted permission to conduct derivatives trading through its London office. 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, there are 51 companies on the crypto asset register, including Coinbase, Fidelity, Gemini, and Kraken. Due to the FCA's strict approval process, only about 14% of applications are approved. (Block)