Blockchain.com has secured regulatory registration in the United Kingdom, nearly four years after it withdrew an earlier FCA application. The move reintroduces the London-based crypto firm to UK oversight as the government tightens rules for digital assets.
The FCA added Blockchain.com to its register of licensed crypto companies under the trading name BC Operations. The registration permits a range of crypto-related activities in the UK, provided the firm complies with anti-money laundering and counter-terrorist financing regulations. Operating as a registered crypto asset business under the FCA signals a stronger focus on security and transparency as Blockchain.com positions its UK operations for the next wave of financial innovation, including offerings in digital asset custody.
Blockchain.com previously sought FCA licensing but withdrew its application in March 2022. After withdrawal, the company pivoted to its Lithuania-registered entity to continue activities under a different regulatory base. Securing the UK registration places Blockchain.com under active oversight immediately, rather than waiting for new legislation. The company notes that the UK framework will bring it into alignment with established financial standards.
The FCA plans to introduce a broader crypto licensing framework from October next year, encompassing more than financial crime checks and moving toward fuller regulation of crypto services. With its current registration, Blockchain.com sits within the existing UK regime ahead of the changes, providing a clear regulatory footing as new rules come into force. Earlier, the FCA outlined new requirements for firms seeking to engage in regulated crypto asset activities, with applications expected to open in September. Firms will need authorization under the Financial Services and Markets Act before the regime takes effect in October 2027, and the FCA has announced a public consultation to determine how existing handbook rules apply to crypto firms.
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