Overview
- Added to the FCA register on Feb. 10 under the trading name "BC Operations," the company regains a regulated foothold in its home market.
- The approval allows brokerage, custody, and institutional-grade services, with operations subject to UK anti-money-laundering and counter-terrorist-financing rules.
- The FCA crypto regime does not confer full financial-services authorisation, so broader permissions will depend on the future permanent framework.
- Blockchain.com says it will apply for the UK authorisation gateway later this year with the goal of obtaining full authorisation when the new regime takes effect in 2027.
- The move follows the firm’s prior MiCA licence for EEA coverage and comes after it withdrew an FCA application in March 2022 and operated via Lithuania.