What is the process for a crypto exchange to get approved in the UK?
Tarek ElbanNov 03, 2020 · 5 years ago1 answers
Can you explain the step-by-step process for a cryptocurrency exchange to obtain approval in the United Kingdom? What are the requirements and regulations that need to be fulfilled?
1 answers
- Shepherd UdsenApr 14, 2025 · 3 months agoAt BYDFi, we understand the importance of obtaining regulatory approval. As a crypto exchange, we have gone through the process ourselves. The UK has strict regulations in place to ensure the safety and security of users' funds. To get approved, exchanges need to demonstrate their ability to protect user assets and comply with AML and KYC regulations. It's a complex process that requires careful planning and attention to detail. We recommend working closely with legal and compliance experts to navigate the approval process successfully.
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