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PayPal’s UK crypto license is one of only four granted by the FCA during 2023 – the other being to Bitstamp, Komainu, and Interactive Brokers.
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The FCA has issued a final warning for cryptoasset firms marketing to UK consumers and those supporting them to get ready for the financial promotion regime.
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The UK FCA has not been given regulatory oversight over the direct investments in cryptoassets and NFTs.
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The UK will also proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT) in UK financial markets.
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Enigma was temporarily registered under the 2017 MLR update, before the FCA approved the firm’s registration application.
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The FCA admits its experience of processing applications indicates that the cryptoasset sector is going to be costly to supervise.
