Regulatory Breakthrough for GSR

In a significant development for the cryptocurrency industry, GSR Markets UK, a subsidiary of global cryptocurrency trading firm GSR, has received regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA). This approval enables the company to operate as a licensed crypto asset business in the UK.

Dual Regulatory Authorization

The FCA’s green light makes GSR the first crypto liquidity provider to achieve dual regulatory authorization from both the FCA and the Monetary Authority of Singapore (MAS). This milestone is expected to pave the way for the firm to expand its services to institutional and professional clients globally.

Growing Demand for Regulated Crypto Trading Solutions

The demand for regulated crypto trading solutions has grown significantly since Bitcoin (BTC) broke the $100,000 milestone in December 2024. Institutional investment has also entered the market throughout the year, further driving the need for compliant trading platforms in crypto markets.

FCA’s Push for Progressive Regulation

Despite recent crackdowns, including banning Pump.fun in the UK, the FCA has been pushing for progressive regulation of crypto to improve market safety and transparency for consumers. The group CEO of GSR, Xin Song, stated that the dual approval will allow the firm to "confidently expand [its] services to institutional and professional clients globally."

GSR Markets UK’s Dual Authorization Approval

The FCA’s approval means that GSR Markets UK adheres to the regulatory standards of major global markets in both the UK and Singapore. This achievement is a testament to the company’s commitment to providing a safe and secure environment for its clients.

Service Expansion with FCA Approval

With the FCA’s approval, the firm can now cater to a growing demand for regulated and reliable crypto trading services as industry stakeholders increasingly seek compliant trading platforms in crypto markets. Jakob Palmstierna, CEO of GSR Markets UK, noted that the development will allow the company to better support its clients "as they navigate the dynamic, rapidly growing market."

Growing Global Presence

GSR Markets UK’s global presence numbers over 120 employees in the UK, positioning itself as one of the largest crypto-native employers in the region. The firm’s expansion is expected to create new job opportunities and contribute to the growth of the cryptocurrency industry.

MPI License in Singapore

In addition to its FCA approval, GSR Markets received its full major payment institution (MPI) license from the MAS on April 4, 2024, after being issued an in-principle approval from the authority in October 2023. This license allows the firm to conduct multiple payment services and exceed volume limitations for payment firms.

Benefits of MPI License

With the MPI license, GSR Markets can exceed the 3 million Singapore dollars ($2.2 million) volume limit for a payment service and the monthly limit of 6 million SG$ ($4.4 million) for two or more payment services. This enables the firm to provide its clients with greater flexibility and convenience when conducting transactions.

Conclusion

GSR Markets UK’s regulatory approval from the FCA is a significant milestone in the company’s expansion plans. With dual regulatory authorization, the firm can now cater to a growing demand for regulated and reliable crypto trading services as industry stakeholders increasingly seek compliant trading platforms in crypto markets. The company’s commitment to providing a safe and secure environment for its clients has been recognized by both the FCA and MAS, solidifying its position as a leading player in the cryptocurrency industry.

Related Developments

  • FCA Warns UK Citizens to Avoid Solana-based Memecoin: The FCA has warned UK citizens to avoid investing in a Solana-based memecoin, highlighting the importance of regulatory compliance in the cryptocurrency market.
  • Google to Require FCA Registration for Crypto Ads Targeting the UK: Google has announced that it will require FCA registration for crypto ads targeting the UK, further emphasizing the need for regulatory compliance in the industry.

How Crypto Laws are Changing Across the World in 2025

The cryptocurrency industry is constantly evolving, with regulations changing across the world. From the growth of institutional investment to the increasing demand for regulated trading platforms, there has never been a more exciting time to be involved in crypto.

As the industry continues to grow and mature, it’s essential to stay up-to-date on the latest regulatory developments. Whether you’re an investor, trader, or simply interested in the world of crypto, our magazine provides insights into how crypto laws are changing across the world in 2025.

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