Crypto Facilities, a subsidiary of crypto exchange Kraken receives a MLR license grant with the the U.K.’s financial regulator, the Financial Conduct Authority (FCA).
Furthermore, This license makes company compliant with money laundering regulations in the country. Also, this goes as far as its cryptocurrency activities go.
More so, It also signifies Crypto Facilities can maintain the same anti-money laundering standards as FCA banks
Therefore, Kraken can continue offering derivatives trading to its customers in the U.K. through Crypto Facilities. Of course, it’s one of few firms with a license to do so.
Notably, Other firms brings access to similar services abroad and not registering with the FCA.
Furthermore, Crypto Facilities has to offer further financial instruments around cryptocurrencies.
“It paves the way for us to enhance and expand our offering,…”
“ensuring clients have access to the various exposures that best fit their investment needs,”
So, Crypto Facilities CEO Gary Worrall reveals in a statement.
Lastly, Other firms to receive MLR licenses includes Mode, two Gemini entities, Archax, Ziglu and Digivault.
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