NFT Providers May Need Registration to Comply With UK Money Laundering Rules

NFT Providers May Need Registration to Comply With UK Money Laundering Rules



The government has been refining its crypto regulation environment, and last year said it planned to bring crypto exchanges and custody providers into the new crypto authorization regime. Currently, the firms must be registered with the FCA, which covers money laundering and terrorism financing safeguards, to be able to operate in the country. Once the new regime is up and running, that won’t be necessary.



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