Englebert, an innovative regulatory services firm boasting a collective expertise spanning more than thirty years across the legal, regulatory, and financial domains of the UK, has reached a significant milestone by securing authorization from the Financial Conduct Authority (FCA), enabling the approval of cryptoasset promotions within the United Kingdom
This significant accomplishment positions Englebert as a transformative force in the regulatory domain, marking a departure from conventional norms dominated by industry giants. The newly established firm, composed of seasoned professionals from traditional financial services and the crypto sector, has collectively amassed a wealth of expertise over the past 30 years, uniquely positioning Englebert to achieve what was once considered the exclusive realm of financial behemoths.
As of October 8, 2023, a pivotal regulatory shift came into effect, mandating that entities wishing to promote a cryptoasset in the UK must be authorised or registered with the FCA or obtain approval from an authorised party. With its FCA-authorisation in place, Englebert now possesses the capability to approve cryptoasset promotions, streamlining the way for compliant promotions to be issued from unauthorised businesses into the UK market.
Traditionally, gaining registration as a cryptoasset business in the UK has proven to be a formidable challenge, with a staggering 85% of applications to the FCA resulting in rejection or forced withdrawal. Englebert stands out as a beacon of support in this landscape, offering expert guidance and the ability to sign off on applications, providing a lifeline for businesses navigating the complex regulatory
