PANews reported on October 4 that BCB Group, a crypto payment company, was the subject of an investigation by the UK financial services regulator that has now ended, according to a report by CoinDesk citing two people familiar with the matter. The two people familiar with the matter requested anonymity because the matter was 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.

BCB CEO Oliver Tonkin commented in an email: “BCB Group has always prioritized compliance 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 regulators are in good shape.”