According to BlockBeats, on October 4, CoinDesk cited two people familiar with the matter as saying that BCB Group, a crypto payment company, was the subject of an investigation by the UK financial services regulator that has now ended. The two people familiar with the matter requested anonymity because the matter is private.

The UK Financial Conduct Authority (FCA) issued a so-called s166 notice to BCB late last year. That investigation has now concluded, and a source close to BCB said the findings were positive for the company. In addition, a third person familiar with the matter added that BCB is in constructive talks with the regulator about expanding the scope of its license.

Oliver Tonkin, BCB’s chief executive, commented in an email: “BCB Group has always maintained a compliance-first approach in its business activities and will continue to do so. We maintain a regular, open and transparent dialogue with all regulators and from our perspective our relationships with all of them are in a good state. Our engagement with the FCA continues to be positive and we have recently received permission to extend our regulatory scope in the UK, as we wish.”