Crypto Firm BCB Payments Receives API License From UK’s Financial Conduct Authority
BCB Payments Limited, the core operating subsidiary of global digital financial services group BCB Group, has secured its Authorized Payment Institution (API) license from the UK Financial Conduct Authority (FCA).
BCB Group is a crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Coinbase, Galaxy and Tagomi. It provides payment services in more 20 currencies, FX, cryptocurrency liquidity and digital asset custody.
BCB Group claims to be the only dual regulated institution of its kind to offer clients a complete end-to-end suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, allowing clients to access a complete range of digital asset services in one place.
The FCA license will reportedly allow the group to trade and operate frictionlessly, supporting flexibility and efficiency across both digital and traditional financial markets.
“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,” said Oliver von Landsberg-Sadie, Founder and CEO, BCB Group. “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.”
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