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Coinpass crypto exchange says it has been approved by UK regulator

Reuters
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken

LONDON (Reuters) - Coinpass, a UK-based crypto currency exchange, said on Wednesday it has received approval from Britain's Financial Conduct Authority to operate as crypto assets company.

"We're exceptionally pleased to be among one of the first UK based cryptocurrency Trading Exchanges for retail investors and businesses to be fully registered with the Financial Conduct Authority as a crypto-asset firm," Coinpass Chief Executive Jeff Hancock said in a statement.

(Reporting by Huw Jones)