BlackRock enters the UK crypto market with FCA registration
BlackRock, the $10 trillion asset management giant, just got the FCA’s approval to operate as a crypto asset firm in the UK. This puts it in the same league as Coinbase, PayPal, and Revolut in the country’s regulated crypto market.
Now that it’s registered, BlackRock can run its European Bitcoin exchange-traded product (ETP) under a UK entity, further expanding into crypto. But the FCA isn’t making things simple—it’s been tightening regulations and turning away firms that don’t meet its strict standards.
BlackRock, however, made the cut. BlackRock’s successful registration highlights its commitment to following regulations and meeting the authority’s high standards.
The approval comes just days after BlackRock’s…
