Share this article
Crypto Payments Firm Wirex Withdraws From FCA's Register as Deadline Looms
Wirex will now serve U.K-based customers from its overseas base in Croatia.
Updated May 11, 2023, 4:07 p.m. Published Mar 28, 2022, 12:43 p.m.
Cryptocurrency payments app Wirex has withdrawn from the U.K. Financial Conduct Authority's (FCA) temporary registration regime ahead of the March 31 deadline to obtain full registration.
- Firms yet to receive full approval by the U.K. financial watchdog were placed on its Temporary Registration Regime (TRR) allowing them to continue doing business until the end of March.
- With the deadline only days away, Wirex has taken the decision to withdraw from the TRR, the company said in a statement.
- Wirex will now serve U.K-based customers via its subsidiary Wirex Digital, which is licensed in Croatia by local regulator HANFA.
- The FCA became the U.K.'s authority for anti-money laundering and countering the financing of terrorism (AML/CFT) at the start of 2020, and since then over 100 firms have registered to be supervised by the regulator. To date, only 33 have been approved.
- Such well-known crypto firms as Blockchain.com, Copper and Revolut remain on the TRR with their fates post-March 31 yet to be determined.
Read more: Crypto Payments Firm Wirex Expands to US, Begins Distributing Crypto-Linked Visa Debit Card
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DAWN raises $13M to expand decentralized broadband networks
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
What to know:
- DAWN raised $13 million in a Series B led by Polychain Capital.
- The protocol enables individuals and organizations to own and monetize wireless broadband infrastructure.
- New funding will support U.S. growth and international rollouts.
Top Stories
