In a significant development for the cryptocurrency industry, Komainu, a leading cryptocurrency custody firm, has received approval from the UK’s Financial Conduct Authority (FCA) to operate as a custodian wallet provider. This regulatory milestone not only bolsters Komainu’s presence in the UK but also aligns its operations with important anti-money laundering and financial regulations. The FCA’s decision is in accordance with the Money Laundering, Terrorist Financing, and Transfer of Funds regulations established in 2017. This approval not only permits Komainu to operate as a custodian wallet provider but also enables the firm to offer collateral management services through its platform, Komainu Connect.
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