FCA Grants coinpass Full Approval to Operate as Crypto-Asset Firm

The UK-based cryptocurrency exchange platform coinpass.com (coinpass) announced that it has received the full approval to operate as a registered crypto-asset business granted by the Financial Conduct Authority (FCA) with Reference Number 921481.

Coinpass is among one of the first UK-based cryptocurrency trading exchanges for retail investors and businesses to be fully registered with the FCA. 

"We understand and fully support that to evolve the cryptocurrency market to be more inclusive and attractive to a larger number of users, we would require regulatory guidelines for exchanges and gateways. The UK is a financial hub for investment and fintech and it has the potential, under the FCA's guidance, to be a world leader in cryptocurrency regulation. With this registration, I am exceptionally bullish on the future for crypto in the United Kingdom and proud of our achievement”, Jeff Hancock, CEO of coinpass stated.