Digital asset custody service provider Komainu secured approval on Friday from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider.
The FCA’s new promotions rules came into effect over the weekend, reported CoinDesk. The rules require firms to be registered in the U.K. to be able to approve their ads and convey appropriate risk warnings to users, it was further reported. Non-compliance could mean up to two years of imprisonment.
