BCB payments, a subsidiary of BCB Group has been<a href="https://bcbgroup.io/bcb-group-becomes-first-crypto-focused-company-to-be-regulated-as-an-authorised-payment-institution/"> approved</a> by U.K’s Financial Conduct Authority (FCA) as an authorized payments institution (API) under the U.K territory. The Europe-based BCB Group focuses mainly on crypto-remittance through BCB Payments.

In recent times, the United Kingdom’s regulators have been very positive when it involves the developments surrounding the crypto-sector. The latest move by the UK FCA to verify BCB Payments is being viewed as a big positive for the sector. BCB Payments is a big play in the cryptocurrency market; hence its acknowledgement in the traditional financial space will help bring the digital currency industry closer to the mainstream.

In addition, now the BCB Group boasts approval from two European heavyweights since it received similar approval from the Swiss regulator. The body charged with overseeing such approvals in Switzerland is the Financial Services Standards Association.

Moreover, the new license will now enable the firm to stretch its reach to the cryptocurrency industry. The BCB Group CEO and founder, Oliver von Landsberg-Sadie said:
<blockquote>“This regulatory approval for our firm, a leading crypto-dedicated payment service provider, is a testament to how we’re able to push ahead with digital asset innovation while remaining in full compliance with some of the most stringent regulations in force globally.”</blockquote>
<h2>Aggressive Expansion on the Cards?</h2>
The BCB Group can now explore further expansion having been licensed by two leading<a href="https://www.cryptoknowmics.com/crypto/esma-to-push-for-sound-legal-framework-for-crypto-in-eu-markets/"> European</a> economies. BCB is a big player in the European market. It has signed other big names as its clients; the likes of Coinbase, Bitstamp, Galaxy Digital, Tagomi and many more. Last year, B2B Payments collaborated with Bitstamp to provide deposit and withdrawal services in Pounds. The CEO noted:
<blockquote>“Our clients demand robust technology and services to continue to innovate in digital markets. We believe BCB Group is the only crypto-dedicated financial institution regulated in this way globally, positioning us for a further year of strong growth as we continue developing the quality and breadth of our services for business clients across the world.”</blockquote>

United Kingdom’s FCA Approves BCB Group Subsidiary

BCB payments, a subsidiary of BCB Group has been approved by U.K’s Financial Conduct Authority (FCA) as an authorized payments institution (API) under.. %

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United Kingdom’s FCA Approves BCB Group Subsidiary

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