- BCB group now falls under the Authorized payments Institution (API) category under the United Kingdom territory.
- The UK based regulation house FCA has been observing the movements of the BCB group and finally agreed to permit it as an API over the verified conduit.
The BCB group of London has been granted permission by the Financial Conduct Authority (FCA) in London for the Crypto-payments system after Switzerland had agreed on the same. BCB group now falls under the Authorized payments Institution (API) category under the United Kingdom territory.
BCB Group is focused entirely on cryptocurrency payments and transactions with Blockchain developments. It makes crypto payments of users under its account using the BCB payments mechanism.
The UK based regulation house FCA has been observing the movements of the BCB group and finally agreed to permit it as an API over the verified conduit.
Now with the grant given by FCA, the BCB group can make constructive development in payments using cryptocurrency as mainstream. BCB Group is the only group to be controlled or regulated by two governing bodies, both the United Kingdom and Switzerland.
It offers peer to peer transaction support to its clients, and trading support with the API enabled platform, which helps the users to view and use the digital assets at a single place or platform. With the implementation of API under the grant of the FCA board, the BCB group is another yet top provider of cutting edge transaction and payments technology.
BCB Group to Effortlessly Connect With Global Clients
The new permission also allows the BCB group to effortlessly connect with global clients and help them in assisting in crypto payments and trading options. They offer secure and seamless account management.
BCB group is also looking forward to expanding its territories worldwide. It also provides flexibility and efficiency across both digital and traditional financial markets.
The FCA has also permitted the use of Prime Factor Capital to work as a full-fledged alternative investment fund manager (AIFM). The two companies have joined together to present the genuine Bitcoin bond given to the previous joint less version back in July of 2019.
The regulatory companies are still observing the movements of the crypto companies and trading agencies.