The U.K. Financial Conduct Authority (FCA) has extended the registration deadline for some cryptocurrencies.
Companies that have applied for registration with the FCA that have not yet been accepted or rejected have been placed on a temporary register, allowing them to continue operating until March 31.
“The temporary registration (TRR) regime will be closed April 1 for all but a small number of companies,” the regulator said.
Twelve companies are currently under TRR, including BlockchainCom, Copper and Revolut.
More than 100 companies have applied for registration with the FCA. To date, 33 of them have been approved. More than 60 have been rejected or withdrawn.