UK | What regulation does Wealth99 come under?


Wealth99 is regulated in Europe as a crypto exchange. FVR000891 - Financial Services, providing services of exchanging a virtual currency against a fiat currency, and FRK000784 - Financial Services, providing a virtual currency wallet service.


In the UK, Wealth99 is obliged to comply with the FCA's requirements for AML and KYC procedures and thus is compliant with the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017.


Wealth99 expects to launch ISA and pension products in 2021 which will be fully regulated by the FCA. Wealth99 anticipates being a crowd crypto business, which will require further regulatory permissions.