Bitstamp, an encryption exchange, announced that it has been approved by the Financial Conduct Authority (FCA) to operate in the UK. It will provide institutional and retail customers in the UK with services such as custody of encrypted assets, buying or selling encrypted assets with legal tender, and trading between encrypted assets. Bitstamp, which says it now has 52 licenses and registrations globally, opened an office in London this week. According to an update to the FCA’s cryptocurrency registry and confirmed to Financial News by the regulator, the FCA approved two firms within two days, including broker Interactive Investors (UK) and Bitstamp, after not having had one since December. over any encryption company.