Crypto license in UK
Looking for a location for your new crypto business? The UK could be an ideal choice. The country not only welcomes innovation in digital assets such as mining, cryptocurrency exchanges and e-money, but has also established itself as a popular hub for blockchain projects. In order to obtain a crypto license in the UK https://fastoffshorelicenses.com/uk-crypto-license/ the company is pleased to provide you with expert support in the process of registering and obtaining licenses to work with cryptocurrencies in the UK and other jurisdictions. The UK positions itself as attractive platform for the development of cryptocurrency business. There is no official licensing for cryptocurrency activities in the country, but a few years ago the Financial Conduct Authority (FCA) launched an Innovation Center. This platform offers advisory legal support to cryptocurrency companies and interested parties. Registration on the Innovation Hub is not mandatory, which creates some uncertainty regarding the regulation of crypto businesses in the UK. Today in the UK the term "cryptocurrency" in law refers not to virtual currencies, but to crypto assets. The UK Crypto Assets Working Group, which includes the FCA, HM Treasury (HMT) and the Bank of England (BoE), defines crypto assets as “digital representations of value or contractual rights” that are cryptographically protected, use distributed ledger technology and can be transferred, stored or sold electronically.