A new regulatory package for crypto could clear up some gray areas for digital asset companies around which regulations they should comply with.
The government is set to reveal its regulatory package for crypto in the coming weeks.
The watchdogs worry that international norms could come too late.
Companies advertising crypto services have until May 2 to ensure their ads meet the new guidance.
The FCA said that its "concerns about Binance remain," though it has “limited powers to object to arrangements of this kind."
The startup says it’s the first Lightning network-based firm to win approval from the U.K. regulator.
The FCA had ordered Binance to cease carrying out regulated activity in the U.K.
The "PayPal for crypto" service Ramp has become the eighth firm to win registration with the U.K financial watchdog.
The decision was taken after the FCA said Binance is not permitted to undertake any regulated activity in the U.K.
Bitstamp has seen customer numbers more than double since the FCA said Binance Markets should not be operating in the U.K.