Cryptocurrency exchange Crypto.com on Wednesday has received regulatory approval from the Financial Conduct Authority to be registered as a cryptoasset service provider in the U.K.The move enables Crypto.com, which has over 50M users globally, to offer a series of products and services to U.K.-based customers while complying with local regulations.“This is a significant milestone for Crypto.com, with the UK representing a strategically important market for us and at a time when the government is pushing forward with its agenda to make Britain a global hub for crypto asset technology and investment," Co-Founder and CEO Kris Marszalek said in a statement.The company's regulatory license momentum has picked up steam during the summer, having already received approval from South Korea, Italy and Singapore.In mid-June, Crypto.com planned to lay off employees.
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