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Welcome to version 11.0 of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.  We have also partnered with MiCAReady.com which assist digital asset firms meet the requirements under the MICA Regulation. Please get in touch with CompliReg and MiCAReady.com via their websites and give them a follow at Linkedin at https://www.linkedin.com/company/complireg and https://www.linkedin.com/company/mica-ready/

How many registered cryptoasset firms are there in the UK?

There are now 45 registered Cryptoasset firms appearing on the Financial Conduct Authority's (FCA) website as at 18th October 2024.  This represents an increase in numbers since version 10.0 was issued on 12th September 2024.

Version 11 of the Map welcomes the entry of ComplyCrypto Depository which was registered by the UK FCA on 26th September.

ComplyCrypto Depository is a partnership between Gentium UK Limited and Complyport Limited.  It aims to establish itself as a leader in the UK’s crypto-compliance market, focusing on transparency, regulatory compliance, and innovation.

ComplyCrypto Depository is a partnership between Gentium UK Limited and Complyport Limited.  It aims to establish itself as a leader in the UK’s crypto-compliance market, focusing on transparency, regulatory compliance, and innovation.

Richard Strike, Managing Director of ComplyCrypto, stated, “ComplyCrypto’s mission is to ensure that the growing cryptocurrency marketplace is safer for the economy and society as a whole. By adhering to the stringent requirements set forth by the MLRs, ComplyCrypto ensures its operations remain fully aligned with regulatory obligations related to Anti-money Laundering (AML) and Counter-Terrorist Financing (CTF) measures.”

Paul Grainger, Chairman of Complyport and Director of ComplyCrypto, expressed gratitude to the FCA for their “invaluable technical guidance and advice, their professionalism and patience throughout the registration process.” He reaffirmed the commitment of ComplyCrypto’s team to help build a safer crypto-asset marketplace.

​How many firms have been registered and deregistered by the UK FCA?

For those interested in the details, the number of registrations since 2020 until today are as follows:

• 2020 – 4 registrations
• 2021 - 25 registrations (3 firms registered in 2021 were subsequently deregistered)
• 2022 – 12 registrations
• 2023 – 4 registrations
• 2024 – 3 registrations

Total: 48 less 3 de-registrations = 45.  These 45 UK FCA registered crypto firms are shown on our Map.
​

How many unregistered crypto firms appear on the FCA register?

​There remains now 44 'unregistered cryptoasset business’ according to the latest FCA records.  There has been now change to the number or names of these 44 firms between 12 September to 18 October 2024.  However this is sharp decline since the publication of Version 9.0 Map when there were 69 such unregistered crypto firms.

As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is Zodia Markets (UK) Limited and its affiliate Zodia Custody Limited.

It is important to note that crypto firms registered in the UK cannot offer their services from the UK into Europe.  Those UK companies which are part of a group of companies where one of the group members holds a VASP registration in a Member State can offer service sin that Member State only.  Once the VASP achieves MiCA Regulation authorisation in their Member State or in another Member State and has the necessary passporting permissions, they will be able to offer those services across the EEA.  If you are unsure of:

• the registration requirements in the UK, please contact CompliReg.
• the authorisation requirements in the EEA, please contact MiCA Ready. 

Linkedin Posts:  https://www.linkedin.com/posts/peteroakes_cryptoasset-cryptocompliance-fintechuk-activity-7254485024501067777-bvhd

Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please contact us here to discuss the proposed project.  Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our CRYPTO page for more information

If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing here and check out its VASP registration and other authorisation services here.

Don't forget to sign up to our Newsletter (we don't spam) by clicking here.  We use MailChimp, which means you can unsubscribe whenever you like.​

​Welcome to the version 10.0 of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.

How many registered cryptoasset firms are there in the UK?
There remains 44 registered Cryptoasset firms appearing on the Financial Conduct Authority's (FCA) website as at 12th September 2024.  There has been now increase in numbers since version 9.0 was issued on 27th February 2024.

Version 10 of the Map is issued to recognised that ABEC Capital UK Limited now operates under the registration originally issued to Rubicon Digital UK Limited back 7 April 2022. On 28th August 2024, ABEX Capital UK Limited announced that it became authorised as a cryptobusiness in the UK.  Companies House records for ABEX record a change of name on 27 August 2024 from Rubicon. 

ABEX says: "This strategic move enables ABEX to expand its services beyond providing innovative solutions based on advanced proprietary execution algorithms, smart order routing, and ultra-low latency, and high frequency trading infrastructure. ABEX Capital UK Limited which will operate under the supervision of the FCA, one of the world’s most trusted financial regulators, will allow ABEX to broaden its institutional client service offerings to include agency algorithms on a matched principal basis."

Erkan Kaya, CEO and Co-Founder of ABEX, stated: “Owning an FCA registered entity is an exciting milestone for ABEX, reinforcing our commitment to delivering institutional-grade, best execution services for digital assets under regulatory supervision. This status aligns seamlessly with our strategic vision of not only servicing our institutional clients in a transparent and fully auditable fashion but doing so to standards which meet the requirements of a major regulator.”.

ABEX, is a leading provider of agency algorithms and ultra-low latency, high frequency trading infrastructure for digital assets.

The FCA says that "We have rejected submissions that didn’t include key components necessary for us to carry out an assessment, or the poor quality of key components meant the submission was invalid."

Note: The table does not include information on any appeals following FCA decisions to refuse applications.

In its Annual Report for 2023/24, the FCA stated that "Over 87% of Crypto registrations were withdrawn, rejected or refused for weak money laundering controls."  In the same report the FCA stated it the number of firms who had their authorisations cancelled, doubled from 2022/23 to 1,261.

With respect to authorisation efficiency levels, the FCA stated that 98% of authorisation cases were assessed within statutory deadlines in the reporting period, up from 89% in Q1 of 2022/23

Source: 
https://www.fca.org.uk/firms/cryptoassets-aml-ctf-regime/feedback-good-poor-applications​
https://www.fca.org.uk/publication/annual-reports/annual-report-2023-24.pdf

​Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please contact us here to discuss the proposed project.  Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our CRYPTO page for more information

If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing here and check out its VASP registration and other authorisation services here.

Don't forget to sign up to our Newsletter (we don't spam) by clicking here.  We use MailChimp, which means you can unsubscribe whenever you like.​

​Welcome to the version 9.0 of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.

How many registered cryptoasset firms are there in the UK?

How many unregistered crypto firms appear on the FCA register?
There are now, as at 27 March 2024, 69 'unregistered cryptoasset firms according to the latest FCA records.  Now while this is steady since the publication of the Version 8.0 Map, two new companies now appear on the unregistered list, being:



The number of 69 unregistered firms is a significant reduction since the time we released Version 1 when there were 218 (thereabouts) unregistered cryptoasset business that appeared to the FCA to be carrying on cryptoasset activity but not registered with the FCA for anti-money laundering purposes.  

As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia.  While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.

Welcome to the version 8.0 of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.

How many registered cryptoasset firms are there in the UK?

There are now 43 registered Cryptoasset firms appearing on the Financial Conduct Authority's (FCA) website as at 27th January 2024. The last firm registered was on 31 October 2023.  There have been no firms registered by the FCA since the start of 2024.

PayPal UK gets registered but has been ordered to cease on-boarding new customers and restrict existing customers

Joining Version 8.0 is PayPal UK Limited.  The FCA register records its registration effective 31st October 2023.  

While registered by the FCA, PayPal's UK crypto operations has been hit with a several restrictions.  It is prohibited, without permission from the FCA, to provide certain services to new and existing customers and specifically it has been ordered to cease on-boarding new customers and restrict existing customers to hold and sell functionality and further PayPal UK cannot expand its current offering in cryptoassets, including, but not limited to:

1. Operating a machine which utilised the automated process to exchange cryptoassets for money or money for cryptoassets.
2. Facilitating or participating in decentralised finance activities such as Cryptoasset lending and borrowing.
3. Facilitating the peer-to-peer exchange of cryptoassets.
4. Participating in staking.
5. Participating in initial coin offerings.

Two cryptoasset firms lost their registration in 2023

During 2023 two registered crypto lost their registrations:

(1) BottlePay Limited originally registered on 17 December 2021 which closed its app to UK customers on 24th July 2023; and
(2) Digivault Limited originally registered on 12 May 2021 which went into insolvency administration on 19 April 2023.   

How many unregistered crypto firms appear on the FCA register?
There are now, as at 27 January 2024, 69 'unregistered cryptoasset firms according to the latest FCA records, which is an increase from 64 from when we published the last of the Fintech UK Registered CryptoAsset Map.  Over time, some firms will disapper from the unregistered list and some will join it.

The six (6) firms that have been added to the FCA register to take the number to 69, include: WeBuyXMR-Alex; Alphachain Traders Limited; Alphachain Capital Limited; Lykke Corp UK Limited; BTC-Firm; and Ex Markets.   

The number of 69 unregistered firms is a significant reduction since the time we released Version 1 when there were 218 (thereabouts) unregistered cryptoasset business that appeared to the FCA to be carrying on cryptoasset activity but not registered with the FCA for anti-money laundering purposes.  

As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia.  While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.

Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please contact us here to discuss the proposed project.  Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our CRYPTO page for more information

If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing here and check out its VASP registration and other authorisation services here.

Don't forget to sign up to our Newsletter (we don't spam) by clicking here.  We use MailChimp, which means you can unsubscribe whenever you like.​

Welcome to the version 7.0 of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.

There are now 43 registered Cryptoasset firms appearing on the Financial Conduct Authority's (FCA) website as at 6th October 2023.  Joining Version 7.0 are three new entrants - Interactive Brokers (U.K.) Limited, Bitstamp UK Limited and Komainu UK Limited. The FCA register records their registrations effective 12th June, 13th June and 6th October 2023, respectively.  However, leaving the Map is BottlePay Limited which closed its app to UK customers on 24th July 2023.   

As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia.  While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.

At the time we released Version 1, there were 218 (thereabouts) unregistered cryptoasset business listed on the UK FCA's website that appear, to the FCA, to be carrying on cryptoasset activity, that are not registered with the FCA for anti-money laundering purposes.  As of today (10 October 2023), that number has decreased to 64.  It was 82 on 1st April 2023.  

The firms thus far registered by the FCA include:

2023: Interactive Brokers (U.K.) Limited, Bitstamp UK Limited and Komainu UK Limited

2022: X Capital Group Limited, Enigma Securities Ltd, Light Technology Limited, eToro (UK) Ltd, Uphold Europe Limited, Wintermute Trading LTD, Rubicon Digital UK Limited, DRW Global Markets Ltd,  Zodia Markets (UK) Limited, Foris DAX UK Ltd (aka Crypto.com), Revolut Ltd*, Tullett Preborn (Europe) Ltd, MoonPay (UK) Ltd and Hidden Road Partners CIV UK Ltd.

2021: Fibermode Limited, Zodia Custody Limited, Ramp Swaps Limited, Solidi Ltd, Coinpass Limited, CoinJar UK Limited, Trustology Limited, Commercial Rapid Payment Technologies Limited, Iconomi Ltd, Skrill Limited, Paysafe Financial Services Limited, Crypto Facilities Ltd, Fidelity Digital Assets LTD, Payward Limited, Galaxy Digital UK Limited, BABB Platform Ltd, BCP Technologies Limited, Zumo Financial Services Limited, Baanx.com Ltd, Bottlepay Ltd [closed July 2023], Genesis Custody Limited and Altalix Ltd. 

2020: Archax Ltd, Gemini Europe Ltd, Gemini Europe Services Ltd, Ziglu Limited and Digivault Limited, 

* Revolut group still has not achieved its much talked about ambition of securing a bank authorisation in the UK.  ​

We are looking forward to seeing how many more will be registered during the remainder of Quarter 3 2023 and in Quarter 4 too.  

The post accompanying Version 7 appears at:

• ​CompliReg: 
• Linkedin: https://www.linkedin.com/posts/peteroakes_cryptoasset-cryptoasset-cryptomap-activity-7117551129269268481--Tqs ​

The Treasury Committee today calls for consumer trading in unbacked crypto to be regulated as gambling.
In a new report, the cross-party Committee of MPs highlights that cryptocurrencies such as Bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering.

• Read the full report (HTML)
• Read the full report (PDF)
• Read the report summary
• Find all publications related to this inquiry, including oral and written evidence

Unbacked cryptoassets – often called cryptocurrencies – are not supported by any underlying asset. They are the most prominent form of crypto, with Bitcoin and Ether alone accounting for two-thirds of all cryptoassets.

The Committee concludes that cryptocurrencies pose significant risks to consumers, given their price volatility and the risk of losses. Given retail trading in unbacked crypto more closely resembles gambling than a financial service, the MPs call on the Government to regulate it as such.
The Committee is also concerned that regulating consumer crypto trading as a financial service – as proposed by the Government – will create a ‘halo’ effect, leading consumers to believe this activity is safe and protected, when it is not.

Around 10 per cent of UK adults hold or have held cryptoassets, according to HM Revenue & Customs.
The MPs recognise that technologies underlying cryptoassets may bring benefits to financial services, particularly for cross-border transactions and payments in less developed countries, and call on the Government and regulators to keep pace with developments so potentially productive innovations are not unduly constrained.

Given the future benefits of crypto remain unclear, the Government should take a balanced approach to supporting the development of cryptoasset technologies and avoid spending public resources on projects without a clear, beneficial use, as appears to have been the case with its now-abandoned Royal Mint non-fungible token (NFT). It is not the Government’s role to promote particular technological innovations for their own sake.

​

• Link to inquiry page 
• Link to Committee's home page 

Image credit: Pexels

Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please contact us here to discuss the proposed project.  Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our CRYPTO page for more information

If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing here and check out its VASP registration and other authorisation services here.

Hope you like the Map (Version 6.0)!
Don't forget to sign up to our Newsletter (we don't spam) by clicking here.  We use MailChimp, which means you can unsubscribe whenever you like.​
Welcome to the version 6.0 of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.

There are now 41 registered Cryptoasset firms appearing on the Financial Conduct Authority's (FCA) website as at Saturday 31st December 2022.  Joining Version 6.0 are three new entrants - Tullett Preborn (Europe) Ltd, MoonPay (UK) Ltd and Hidden Road Partners CIV UK Ltd.    The FCA register records their registrations effective 21st November, 9th December and 20 December 2022, respectively.

As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia.  While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.

At the time we released Version 1, there were 218 (thereabouts) unregistered cryptoasset business listed on the UK FCA's website that appear, to the FCA, to be carrying on cryptoasset activity, that are not registered with the FCA for anti-money laundering purposes.  As of today (01 April 2023), that number has decreased to 82.  

The firms thus far registered by the FCA include:

2020: Archax Ltd, Gemini Europe Ltd, Gemini Europe Services Ltd, Ziglu Limited, Digivault Limited, 

2021: Fibermode Limited, Zodia Custody Limited, Ramp Swaps Limited, Solidi Ltd, Coinpass Limited, CoinJar UK Limited, Trustology Limited, Commercial Rapid Payment Technologies Limited, Iconomi Ltd, Skrill Limited, Paysafe Financial Services Limited, Crypto Facilities Ltd, Fidelity Digital Assets LTD, Payward Limited, Galaxy Digital UK Limited, BABB Platform Ltd, BCP Technologies Limited, Zumo Financial Services Limited, Baanx.com Ltd, Bottlepay Ltd, Genesis Custody Limited, Altalix Ltd, 

2022: X Capital Group Limited, Enigma Securities Ltd, Light Technology Limited, eToro (UK) Ltd, Uphold Europe Limited, Wintermute Trading LTD, Rubicon Digital UK Limited, DRW Global Markets Ltd,  Zodia Markets (UK) Limited, Foris DAX UK Ltd (aka Crypto.com), Revolut Ltd*, Tullett Preborn (Europe) Ltd, MoonPay (UK) Ltd and Hidden Road Partners CIV UK Ltd.

* Revolut group still has not achieved its much talked about ambition of securing a bank authorisation in the UK.  ​

We are looking forward to seeing how many more will be registered during 2023.  Thus far, there have been no registrations in 2023.

The post accompanying Version 6 appears at:

• ​CompliReg: https://complireg.com/blogs--insights/tullett-prebon-moonpay-and-hiddenroad-join-fintech-uks-whos-who-of-uk-registered-cryptoasset-map-version-60-saturday-1st-april-2023​
• Linkedin: https://www.linkedin.com/posts/peteroakes_cryptoasset-cryptomap-cryptofirms-activity-7048281954894368768-VbNC?utm_source=share&utm_medium=member_desktop

​
Further Reading:

Version 1 of the Map and the Blog of 20 December 2021 - located here

Version 2 of the Map and the Blog of 18 July 2022 - located here 

Version 3 of the Map and the Blog of 28 July 2022 - located here

Version 4 of the Map and the Blog of 20 September 2022 - located here

Version 5 of the Map and the Blog of 26 September 2022 - located here

List of ​Unregistered Cryptoasset Businesses as of today - located here

Postscript - Letter issued by UK FCA on 5 April 2023 to UK and overseas cryptoasset firms on financial promotion rules - located here

Don't forget to sign up to our Newsletter (we don't spam) by clicking here.  We use MailChimp, which means you can unsubscribe whenever you like.​

As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia.  While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.

At the time we released Version 1, there were 218 (thereabouts) unregistered cryptoasset business listed on the UK FCA's website that appear, to the FCA, to be carrying on cryptoasset activity, that are not registered with the FCA for anti-money laundering purposes.  As of today (26 September 2022), that number is steady at 246.  

The firms thus far registered by the FCA include:

2020: Archax Ltd, Gemini Europe Ltd, Gemini Europe Services Ltd, Ziglu Limited, Digivault Limited, 

2021: Fibermode Limited, Zodia Custody Limited, Ramp Swaps Limited, Solidi Ltd, Coinpass Limited, CoinJar UK Limited, Trustology Limited, Commercial Rapid Payment Technologies Limited, Iconomi Ltd, Skrill Limited, Paysafe Financial Services Limited, Crypto Facilities Ltd, Fidelity Digital Assets LTD, Payward Limited, Galaxy Digital UK Limited, BABB Platform Ltd, BCP Technologies Limited, Zumo Financial Services Limited, Baanx.com Ltd, Bottlepay Ltd, Genesis Custody Limited, Altalix Ltd, 

2022: X Capital Group Limited, Enigma Securities Ltd, Light Technology Limited, eToro (UK) Ltd, Uphold Europe Limited, Wintermute Trading LTD, Rubicon Digital UK Limited, DRW Global Markets Ltd,  Zodia Markets (UK) Limited, Foris DAX UK Ltd (aka Crypto.com) and Revolut Ltd.

And of course the Revolut group is still pursing its much talked about bank authorisation in the UK.  ​

We are looking forward to seeing how many more will be registered before the end of the year.

The post accompanying Version 5 appears at:

• ​CompliReg: https://complireg.com/blogs--insights/revolut-finally-joins-the-uk-registered-cryptoasset-map-version-50-monday-26th-september-2022
• Linkedin: https://www.linkedin.com/posts/peteroakes_cryptoasset-fca-cryptoasset-activity-6980821130584412160-_63O?utm_source=share&utm_medium=member_desktop

​
Further Reading:

Version 1 of the Map and the Blog of 20 December 2021 - located here

Version 2 of the Map and the Blog of 18 July 2022 - located here 

Version 3 of the Map and the Blog of 28 July 2022 - located here

Version 4 of the Map and the Blog of 20 September 2022 - located here

List of ​Unregistered Cryptoasset Businesses as at 20 September 2022 - located here

Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please contact us here to discuss the proposed project.  Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our CRYPTO page for more information

If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing here and check out its VASP registration and other authorisation services here.

Hope you like the Map (Version 4.0)!

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Welcome to the fourth edition (version 4.0) of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.

There are now 37 registered Cryptoasset firms appearing on the Financial Conduct Authority's (FCA) website as at Tuesday 16th August 2022.  Welcome to Crypto.com.   The FCA register records Foris DAX UK LTD (aka Crypto.com) registration effective 16th August 2022.  

We will not repeat what we said in our previous Blogs, such as Version 3.0 Blog. You can read the Version 3.0 blog here. 

As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia.  While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.

At the time we released Version 1, there were 218 (thereabouts) unregistered cryptoasset business listed on the UK FCA's website that appear, to the FCA, to be carrying on cryptoasset activity, that are not registered with the FCA for anti-money laundering purposes.  As of today (20 September 2022), that number has decreased  to 246.  On both 18th and 28th July 2022 the figure was 248. 

The firms thus far registered by the FCA include:

2020: Archax Ltd, Gemini Europe Ltd, Gemini Europe Services Ltd, Ziglu Limited, Digivault Limited, 

2021: Fibermode Limited, Zodia Custody Limited, Ramp Swaps Limited, Solidi Ltd, Coinpass Limited, CoinJar UK Limited, Trustology Limited, Commercial Rapid Payment Technologies Limited, Iconomi Ltd, Skrill Limited, Paysafe Financial Services Limited, Crypto Facilities Ltd, Fidelity Digital Assets LTD, Payward Limited, Galaxy Digital UK Limited, BABB Platform Ltd, BCP Technologies Limited, Zumo Financial Services Limited, Baanx.com Ltd, Bottlepay Ltd, Genesis Custody Limited, Altalix Ltd, 

2022: X Capital Group Limited, Enigma Securities Ltd, Light Technology Limited, eToro (UK) Ltd, Uphold Europe Limited, Wintermute Trading LTD, Rubicon Digital UK Limited, DRW Global Markets Ltd,  Zodia Markets (UK) Limited and Foris DAX UK Ltd (aka Crypto.com).

Revolut Ltd, as of today, is the only firm listed on the Temporary Registration list and has been on that list nine months (first listed on December 2021).  Interestingly, in addition to a cryptoasset registration, the Revolut group hasn't achieved obtaining of its much talked about bank authorisation in the UK either.  ​

We are looking forward to seeing how many more will be registered before the end of the year.

The post accompanying Version 4 appears at:

• ​CompliReg: https://complireg.com/blogs--insights/uk-registered-cryptoasset-map-version-40-tuesday-16th-august-2022​
• Linkedin: https://www.linkedin.com/posts/peteroakes_cryptoasset-fca-crypto-activity-6978010345650958336-dlTR?utm_source=share&utm_medium=member_desktop

Further Reading:

Version 1 of the Map and the Blog of 20 December 2021 - located here

Version 2 of the Map and the Blog of 18 July 2022 - located here 

Version 3 of the Map and the Blog of 28 July 2022 - located here

List of ​Unregistered Cryptoasset Businesses as at 20 September 2022 - located here



​