Blockchain.com wins UK registration nearly four years after abandoning FCA process
Analysis
Price Impact
MedBlockchain.com securing uk regulatory approval is a positive development for the crypto industry as a whole. it signals increasing regulatory clarity and legitimacy in a major financial hub, potentially reducing regulatory risk perception and fostering institutional confidence.
Trustworthiness
HighThe information is reported by coindesk, a reputable crypto news source, referencing direct additions to the fca's registry and statements from blockchain.com. this provides high confidence in the accuracy of the news.
Price Direction
BullishRegulatory approval for a significant player like blockchain.com in a key market like the uk tends to build trust and legitimacy for the broader crypto ecosystem. this can encourage greater institutional participation and user adoption, creating a bullish sentiment for cryptocurrencies over time.
Time Effect
LongWhile the news is immediate, the full impact of increased regulatory clarity, potential new product offerings, and broader institutional adoption facilitated by this approval will likely unfold over several months to years, influencing long-term market sentiment and growth.
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Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Blockchain.com wins UK registration nearly four years after abandoning FCA process The London-based company elected to withdraw its application for FCA licensing in March 2022 having not won approval ahead of an impending deadline. By Jamie Crawley | Edited by Stephen Alpher Feb 10, 2026, 1:44 p.m. Make us preferred on Google Blockchain.com founder and CEO Peter Smith (Blockchain.com, modified by CoinDesk) What to know : Blockchain.com has won regulatory approval in the U.K nearly four years after seemingly giving up. Blockchain.com was added to the Financial Conduct Authority's (FCA) registry of licensed crypto companies on Tuesday under its trading name "BC Operations." The London-based company elected to withdraw its application for FCA licensing in March 2022 having not won approval ahead of an impending deadline. Cryptocurrency exchange and wallet provider Blockchain.com has won regulatory approval in the U.K nearly four years after seemingly giving up. Blockchain.com was added to the Financial Conduct Authority's (FCA) registry of licensed crypto companies on Tuesday under its trading name "BC Operations." STORY CONTINUES BELOW Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The London-based company elected to withdraw its application for FCA licensing in March 2022 having not won approval ahead of an impending deadline. Blockchain.com pivoted to its registered business in Lithuania . Registration in the U.K. allows Blockchain.com to carry out certain crypto-related activities in the U.K. on the basis that it complies with money laundering and counter-terrorist financing rules. "Blockchain.com is now operating under the same rigorous standards as traditional finance and banks in the U.K.," the company said in a post on X on Tuesday . The FCA's crypto company licensing regime, however, stops short of full financial services authorization — this is set to be introduced under a new licensing framework taking effect from October next year . Read More: Ripple wins UK regulatory approval from Financial Conduct Authority Blockchain.com UK FCA