BlackRock Registers as a Crypto Asset Firm in the UK () program details. Reviews, Scam or Paying

$10 trillion asset manager BlackRock has officially registered as a crypto asset firm in the UK, according to the Financial Conduct Authority. It joins a list that includes the likes of Coinbase, PayPal, and Revolut to register as such in the UK. This allows BlackRock to operate its new European Bitcoin exchange-traded product as a UK entity.

“We have rejected submissions that didn’t include key components necessary for us to carry out an assessment, or the poor quality of key components meant the submission was invalid,” the FCA says on its website.

Also Read: BRICS President Eyes Increased De-Dollarization as US Trade War Lingers

BlackRock’s iShares Bitcoin ETP was listed on the Euronext stock markets in Paris and Amsterdam last week. It launched with a fee waiver of 10 basis points. This reduces its expense ratio to 0.15% until the end of the year. “It reflects what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold,” Manuela Sperandeo, BlackRock’s head of Europe & Middle East iShares Product, told reporters following the launch.

Neither BlackRock nor the FCA have commented on the former’s specific crypto firm registration in the UK. However, BlackRock International appears on the latter’s official registration website, reference number 178638.

  • Blackrock
  • crypto
  • cryptocurrency
  • Uk
  • United Kingdom

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