An efficient financial sector is important for economic growth and development, and efficient financial regulation is crucial for an efficient financial sector. The beneficial results make the effort worthwhile.
KoinKoin Ltd is pleased to be preliminarily registered under the FCA’s Money Laundering Regulations (MLRs) to proceed with the activities of cryptoasset exchange and custodian wallet provider.
In a post-Brexit and post-pandemic world, FCA registered KoinKoin is in pole position to enable corporates, merchants and consumers to buy, sell and transfer digital assets across the UK, Africa, Western Europe and South East Asia.
Our efforts to ensure we are appropriately regulated and authorised is not just limited to the United Kingdom. KoinKoin Ltd adheres to regulatory requirements in all regions where we operate ensuring our interests and that of our clients and users are protected.
Cryptocurrency & Regulations
Since 10 January 2020, the FCA has been the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor of UK cryptoasset businesses under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. As a result of this, businesses that began operating after 9 January 2020 had to register with the FCA before starting to conduct business. From 10 January 2020, existing businesses looking to carry on cryptoasset activity had to be both fully compliant with the Money Laundering, Terrorist Financing and Transfers of Funds (Information on the Payer) Regulations 2017 and registered with the FCA.
KoinKoin is actively working to ensure our business processes are in line with the industry's expectations whilst adhering to the Financial Conduct Authority's rules and regulations.