The EU division of the US-headquartered crypto trading platform Uphold has reportedly managed to obtain the regulatory green light from the United Kingdom’s Financial Conduct Authority (FCA).

Specifically, as revealed via the FCA web page, Uphold’s U.K. subsidiary Uphold Europe Limited successfully snatched the regulatory go-ahead on February 24th, securing a spot in the list of 32 entities previously acquired FCA approval to function as Registered Crypto Asset service providers, in the 200 that submitted applications.

The approval is reportedly a signal showing the company’s sufficient compliance level with the U.K. Anti-Money Laundering and Counter-Terrorist Financing regulations.

Crypto exchanges and service providers are reportedly able to legally roll out their offerings to U.K.-based customers if they complete the registration with the FCA, and stay compliant with the current Anti-Money Laundering rules. 

The FCA has granted three crypto licenses — to eToro, Uphold, and Light Technology — this year.

The U.K.’s Crypto Asset Firm Registration has reportedly obtained the reputation of the most stringent, since a few of the top-tier international crypto exchanges, nominally Binance, have been unsuccessful in acquiring the license. 

A few well-known names across the crypto sphere have reportedly made their way into the list, for instance, Gemini, Genesis, Coinjar, and Robinhood.

Following its successful acquisition of the license, Uphold reportedly has plans down its pipeline to widen the scope of its range of services to U.K. customers.

The Head of the company reportedly shared his belief that the FCA approval emphasizes its commitment to compliance and regulations.