City Of London
FCA Extends Key Crypto Deadline for Revolut, 11 Other Applicants
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The U.K.’s financial regulator is extending a Thursday deadline for its approval of crypto operations, giving a dozen firms more time to get their applications or affairs in order.
The Financial Conduct Authority said firms on its temporary register of cryptoasset businesses -- including digital bank Revolut and cryptocurrency custody firm Copper Technologies -- will be given additional time if they can show they require it, such as providing more information for their application, pursuing an appeal against the FCA’s decision or to wind down their operations.