PANews reported on January 6, according to The Block, that the cryptocurrency trading and liquidity service company GSR has received approval from the UK's Financial Conduct Authority (FCA), allowing its subsidiary GSR Markets UK Limited to operate as a registered cryptocurrency asset business and provide services such as cryptocurrency asset trading to UK clients.
Previously, in April 2024, the Monetary Authority of Singapore (MAS) granted GSR the designation of 'Major Payment Institution' in Singapore, allowing it to provide over-the-counter trading and market-making services. Additionally, in mid-2024, GSR underwent an executive team restructuring, with several executives, including co-founder and co-CEO Rich Rosenblum and Chief Technology Officer John MacDonald, leaving the company.
