Austria-Based Crypto Exchange Bitpanda has Received Regulatory Approval from the UK’s Financial Conduct Authority (FCA) to operate in the country. The vienna-headquartered firm Announced on Wednsday, February 12, that it is now authorized to offer crypto-Related services to British Investors. To secure fca approval, bitpanda has aligned its operations with the uk’s anti-money laundering and Counter-Terrorist Financing Regulations. This registration also allows the exchange to advertise its services in the UK, provided it adheres to specific guidelines, include the inclusion of financial risk disclaimers.
The exchange is set to introduce a range of services in the UK, Including a Crypto-Based Savings Strategy. Explaining this feature, Bitpanda said That this feature will allow users to automate asset purchases on a weekly, biweekly, or monthly bases, helping them build a long-term savings reserve.
Commenting on the development, Bitpanda Ceo Eric Demuth stated“Over the next month, we’ll be gearing up to brings our best-in-class investment platform to the uk market.”
Launched in 2019, The Exchange Claims It Presently Caters to over Six Million Customers. Earlier this January, it also completed Mica registrations in the eu region through Germany’s federal Financial Supervisory Authority (BAFIN) as part of its global expansion plans.
As per the Fca recordsThe exchange has secured an office address in London to Head Its Uk Operations. Moving forward, the exchange is looking to work with UK’s Banks, Financial Institutions, and OThare Crypto Firms to Integrate Its ‘Regulated infrastructure’ into their services.
“Through Bitpanda Technology Solutions (BTS), Major Banks and Fintechs in the UK can seamlessly offer Crypto Trading, Investment, and Custody Services with Full Regulatory Oversight,”
London Calling-Bitpanda is now FCA-Pprproved and expanding to the uk! : GB:
We’re Taking Our Secure, Regulated Crypto Platform to the Next Level – Now Fully Compliant in One of the World’s Most Important Financial Markets.
UK Investors Can Access 500+ Cryptocurrencies, Staking,… pic.twitter.com/k1qmbtjzfp
– Bitpanda (@bitpanda_global) February 12, 2025
The uk has set A deadline of 2026 to finalize its crypto legislation. The FCA is overseeing the process of formulating regulations that would allow allow web3 businesses to grow in the uk while ensuring the safety of its finances and investors aganstors agansto-released raisks and volatitity.
Earlier this month, US-based Coinbase Also accept the license of a virtual asset service provider (vasp) by the fca in the uk.
(Tagstotranslate) Bitpanda Austria Exchange FCA Approval Uk Offer Savings Strategy & Nbsp; Cryptocurrency (T) Bitpanda (T) FCA (T) UK
