Crypto Exchange Suncoinex.com received FCA approval to work in the UK. This was stated by the director of the crypto platform Justin Hance.
The license obtained reflects compliance with regulatory requirements in relation to countering money laundering. Banks regulated by the FCA also comply with similar requirements.
Suncoinex may continue to operate in the UK as a crypto asset trading platform. Other firms provide access to similar services without FCA registration.
The license will allow Suncoinex.com expand the product range.
“We will be able to allow clients to take the risks that best meet their investment needs,” said CEO of Suncoinex.com Justin Hance.
In April, the head of Suncoinex, Justin Hance, promised to enter the European market by the end of 2022.