Crypterium Crypto Wallet Successfully Registered by UK’s FCA
Crypterium, the crypto wallet app more than 400,000 users in more than 170 countries, has received approval from the UK’s Financial Conduct Authority (FCA) to offer cryptocurrency facilities to the UK citizens and businesses (registered firm). The company is among a limited number of companies to have cleared the registration process out of nearly 200 that have submitted an application so far, making it one of the most successful.
Crypterium was the foremost firm to produce a cryptocurrency-to-fiat payment card, which is now accessible in more than 180 countries worldwide. The contactless, free Crypterium Card VISA provides any digital asset holder with the ability to pay instantaneously in over 42 million businesses across the world, as well as withdraw cash from ATMs in over 200 countries and territories.
The wallet is accessible in more than 170 countries throughout the world. With this registration, Crypterium will be able to continue to deliver its crypto wallet solutions, including its cryptocurrency Visa cards and exchange features, to almost everyone in the United Kingdom even after Brexit-related regulations are implemented.
Its market-leading B2B product, on the other hand, is capable of providing the same degree of functionality to firms in the United Kingdom. Regulation by the Financial Conduct Authority (FCA) is a lengthy and complex procedure that takes about 18 months of policies and practices evaluation before authorization is given.
This demonstrates the outstanding quality of the systems and compliance processes implemented by Crypterium, and also the tiny number of organizations that have been accepted so far in the process. Those firms who can pass the tough approach to crypto regulation taken by the United Kingdom will undoubtedly be on the proper regulatory route in other markets, which will undoubtedly follow the approach taken by reputable financial centers such as the United Kingdom.
In addition, users may conduct their crypto-transactions with confidence, knowing that their preferred crypto app adheres to the most strict compliance rules. “To become a registered business with the Financial Conduct Authority is a tremendous opportunity. From this point, interested parties will see Crypterium in a different light, as a firm that prioritizes user security and accessibility. Our services are great, and we can now demonstrate that they are carried out in strict accordance with some of the most stringent evaluation standards,” says the company president Steven Parker, the CEO of Crypterium.