BCB Group, a payments processor linking cryptocurrency firms to banking, was recently investigated by the FCA but reportedly concluded positively for the organization.
Oliver Tonkin, CEO of BCB, stated, 'BCB Group has at all times operated a compliance first approach in its business activities and continues to do so,' emphasizing their commitment to regulatory dialogue.
The FCA issued a s166 notice to BCB, an action that might reflect concerns over regulatory compliance, but BCB considered the conclusion to be favorable.
Payments companies like BCB are crucial in the digital asset ecosystem, especially after multiple crypto-friendly banks in the U.S. collapsed last year.
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