The Financial regulators in the U.K. have approved Digivault, the security token custody arm of digital assets group Diginex, to be registered as a wallet provider.
Within an announcement from Diginex today, the firm said the Financial Conduct Authority, or FCA, had been given the green light to Digivault to register as a digital asset custodian within the United Kingdom. The move implies Digivault in compliance with the financial watchdog’s rules on Anti-Money Laundering and Combating the Financing of Terrorism.
Digivault CEO Rob Cooper has stated that "bitcoin is a true store of value for the future" and I couldn't agree more.
And it was followed by saying
"The FCA AML approval is huge news not only for Digivault but also the sector as a whole because it means businesses are now moving from the temporary register to the full approval. This sets a precedent that the regulator's support for this new asset class is indeed there, and is an enabler to drive more institutional flow."
Have a good day yall
SilverGoldHunter