Englebert, a cutting-edge regulatory services firm with a cumulative experience of over three decades in the legal, regulatory, and financial landscapes of the UK, has achieved a groundbreaking milestone by obtaining authorisation from the Financial Conduct Authority (FCA) which will allow it to approve cryptoasset promotions in 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 framework.
Gareth, co-founder of Englebert, commented on this landmark achievement:
“Our team’s tenacity and deep understanding of the regulatory landscape have fueled this extraordinary accomplishment. Securing FCA approval allows us to demonstrate our commitment to simplifying the regulatory journey for businesses, irrespective of their size. We’re not just rewriting the rules; we’re transforming the game.”
Wayne, co-founder of Englebert, commented on this landmark achievement:
“This achievement is a testament to our unwavering dedication to making regulatory processes more accessible. Our aim has always been to level the playing field for businesses, ensuring they can navigate regulatory landscapes with confidence. Today, we’ve not only obtained FCA approval but have paved the way for a more inclusive and streamlined regulatory future.”
Englebert’s success challenges the status quo and reinforces its dedication to driving positive change within the crypto regulatory sphere. This achievement not only reflects the prowess of the firm but also opens up new possibilities for businesses seeking promotion approvals in the burgeoning crypto landscape.