Payments startup bottlepay has won approval to join TheFCA's crypto asset business registry. By JamieCrawleyCD
, allows users to make micropayments using messages on Twitter, Reddit and Discord on the Lightning network, a layer on top of the Bitcoin blockchain that enables transactions to be carried out more quickly.
FCA registration demonstrates that a firm has met the watchdog’s anti-money laundering and counter-terrorist financing regulations. The FCA became the overseer for such matters in the U.K. in January 2021, requiring all crypto-asset firms to register in order to continue to operate. Bottlepay is based in Newcastle in northeast England and was purchased by New York-based NYDIG for around $300 million in stock last October. It is available in the U.K. and across Europe.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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