“Securing FCA approval allows us to demonstrate our commitment to simplifying the regulatory journey for businesses, irrespective of their size. We’re not just rewriting the rules; we’re transforming the game.”
Englebert has obtained authorization from the Financial Conduct Authority (FCA) to approve cryptoasset promotions in the United Kingdom.
Following a regulatory update on October 8, 2023, requiring UK cryptoasset promotions to be authorized by the FCA or an approved entity, Englebert’s FCA authorization now enables it to assist businesses in launching compliant promotions without direct FCA registration. This addresses a crucial gap in the market.
The challenge of registering as a cryptoasset business in the UK has been daunting, with an 85% failure rate for applications. Englebert stands out as a crucial support for these businesses, offering expertise and approval services to successfully navigate the intricate regulatory framework.
Paving the way for a more inclusive and streamlined regulatory future
The UK-based regulatory services firm boasts over three decades of collective experience in the legal, regulatory, and financial sectors. The FCA authorization establishes Englebert as a significant force for change in a regulatory landscape traditionally dominated by larger entities.
Gareth Malna, co-founder of Englebert, commented: “Our team’s tenacity and deep understanding of the regulatory landscape have fueled this extraordinary accomplishment. Securing FCA approval allows us to demonstrate our commitment to simplifying the regulatory journey for businesses, irrespective of their size. We’re not just rewriting the rules; we’re transforming the game.”
Wayne Green, co-founder of Englebert, commented: “This achievement is a testament to our unwavering dedication to making regulatory processes more accessible. Our aim has always been to level the playing field for businesses, ensuring they can navigate regulatory landscapes with confidence. Today, we’ve not only obtained FCA approval but have paved the way for a more inclusive and streamlined regulatory future.”
Englebert is a firm that operates at the intersection of cryptoassets, law, and regulation, offering services like financial promotion approval, due diligence, and asset tracing. Their team consists of legal and C-suite professionals with backgrounds in cryptoasset and investment fields.
