BCB Group, a crypto-asset company, today announced its core operating subsidiary, BCB Payments Ltd., has secured an Authorised Payment Institution (API) license from the UK Financial Conduct Authority.
The BCB team focuses on B2B payment services including business accounts and cryptocurrency market liquidity for some of the world’s largest crypto-engaged financial institutions, including Bitstamp, Coinbase, Galaxy, and Tagomi. BCB Payments’ sister company, BCB OTC Trading SARL, is already regulated by the VQF, an SRO of FINMA, in Switzerland.
After receiving this license, BCB Group is now a dual regulated institution; offering clients a complete end-to-end suite of payment processing, cryptocurrency trading, and custody services accessible through a unified API-enabled platform. BCB Group’s services are aimed at cryptocurrency exchanges, market makers, brokers, investment managers, hedge funds and digital asset investment funds.
‘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. 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.”
– Oliver von Landsberg-Sadie, Founder and CEO, BCB Group