UK Crypto Liquidity Provider Receives Financial Regulator’s Approval
The UK financial regulator has given a license to a local crypto liquidity provider and electronic OTC trader.
A separate press release notes that B2C2, which also provides electronic over-the-counter (OTC) trading, can now offer contracts for difference (CFDs) to eligible counterparties and professional clients.
Moreover, the FCA may compensate customers in case the company fails, as can been seen from the text of the registry record.
As Cointelegraph reported earlier in January, the FCA recently released a consultation paper titled “Guidance on Cryptoassets.”
In the paper, the regulator describes several ways to treat cryptocurrencies: digital assets could be considered “Specified Investments” under the UK Regulated Activities Order (RAO) or “Financial Instruments” regulated by the Markets in Financial Instruments Directive II.
The FCA also mentions in the paper that such assets could be regulated by E-Money Regulations or Payment Services Regulations.
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