Robinhood Registers as UK Crypto Service Provider Ahead of New Regulations

Robinhood has secured registration as a crypto asset service provider in the UK ahead of the new regulatory regime's implementation.

The company has become one of the first firms to register with the Financial Conduct Authority (FCA) under the new rules, which are set to come into effect on October 8.

Under the regulations, Robinhood will be required to hold client assets in segregated accounts and meet certain anti-money laundering requirements.