Crypto platform Bitpanda expands services in UK with FCA approval
Bitpanda, an Austrian cryptocurrency platform, is enhancing its operations in the United Kingdom following regulatory approval from the Financial Conduct Authority (FCA). The company is now authorized to offer over 500 crypto assets to UK investors, making its range the widest available in the region. This expansion comes after Bitpanda paused onboarding new users in 2023 due to changes in UK crypto marketing regulations. The FCA approval allows the platform to restart user registrations and provides access to a variety of crypto services, including staking and savings plans. Bitpanda's UK offerings will be aligned with its services in the European Union, where it has operated under a unified regulatory framework since January 2023. The deputy CEO confirmed there are no current plans to list UK-specific coins, and the platform will not be offering Tether's stablecoin, USDt, due to compliance issues.
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