Enigma Securities listed as FCA registered cryptoasset firm
London based Enigma Securities Ltd and the Makor Group have announced that The Financial Conduct Authority (FCA) of the United Kingdom has approved Enigma Securities Ltd as a Registered Cryptoasset Firm, as of December 24, 2021.
Since June 6, 2018, Enigma Securities, a subsidiary of Makor Securities London Limited, has maintained full digital asset compliance consistent with the FCA’s Money Laundering, Terrorist Financing and Transfer of Funds Regulations, or MLRs. By January 2020, Enigma was temporarily registered under the 2017 MLR update, before the FCA approved the firm’s registration application. Enigma continues to be diligently focused on the the most rigorous standard of of AML/CTF procedures for all its digital asset clients.
With this designation, Enigma joins notable FCA-registered cryptoasset firms such as eToro UK LTD, Fidelity Digital Assets, LTD, and Galaxy Digital UK Limited.
Makor’s CEO and Co-Founder, Michael Halimi said:
“We are extremely proud to reach such a milestone. By raising Enigma’s regulatory profile, we are giving our institutional grade clients a much higher level of transparency and assurance when they trade digital assets with us.”
From 10 January 2020, firms carrying out specific cryptoasset activities in the UK have needed to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) and register with the FCA. In addition, the FCA has granted temporary registration until 31st March 2022 to existing cryptoasset firms (those who were carrying on MLR cryptoasset business immediately before the 10th January 2020) whose applications are pending determination.