Galaxy Digital has been licensed in the UK to trade derivatives through its London office. From 2020, companies conducting certain crypto asset activities in the UK must comply with revised money laundering, terrorist financing and money transfer regulations and register with the FCA. There are currently 51 companies on the crypto asset register, including Coinbase, Fidelity, Gemini and Kraken, and only about 14% of applications are approved due to the FCA's strict approval process. As previously reported, BlackRock has been approved by the UK Financial Conduct Authority to operate as a crypto asset company in the country.