Austrian crypto unicorn company Bitpanda has received approval from the UK Financial Conduct Authority to conduct business in the UK

According to Golden Finance, Austrian cryptocurrency unicorn company Bitpanda has obtained approval from the UK Financial Conduct Authority (FCA) to conduct business in the UK, marking an important regulatory milestone for European cryptocurrency platforms. This approval, along with the recently obtained MiCAR license, allows Bitpanda to expand its products in the UK, including betting, savings plans, and cryptocurrency indices. CEO Eric Demuth emphasized that entering the UK market is crucial for serving a wider European audience. This move will provide UK retail investors with a wider range of cryptocurrency and investment options, while allowing banks and financial institutions to integrate Bitpanda's regulated infrastructure into their services.