CEX.IO Receives Temporary Registration Status With The FCA
Cryptocurrency exchange CEX.IO has been temporarily registered as a cryptoasset business - until 9 July 2021 - by the UK's Financial Conduct Authority. The FCA announced on 16 December that it has introduced a temporary registration regime for existing cryptoasset companies that applied for registration before that date and whose applications are still pending. The regime is meant to ensure that existing businesses can continue to trade after 9 January 2021 and until 9 July 2021, while the FCA reaches a final decision regarding their applications.
Konstantin Anissimov, the Executive Director of CEX.IO, stated: “As CEX.IO is among the companies that submitted their application for registration on time – until 16 December 2020 – we are obliged and expected to notify our clients and partners about our current temporary registration status by 10 January 2021. We are working very hard to achieve a full registration status with the FCA well ahead of the deadline of 9 July 2021. We will keep our users updated on any further developments in this field”.
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