Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources

BCB Group was the subject of a now-closed investigation by the FCA, according to sources.　　The companys chief compliance officer recently resigned from the business and will join crypto exchange Kraken in November.　　BCB Group, a payments processor that links cryptocurrency firms to the banking system, was the subject of a now-closed investigation by the U.K. financial services regulator, according to two people with knowledge of the matter.　　The Financial Conduct Authority, or FCA, gave BCB a so-called s166 notice late last year, the people said, who spoke on condition of anonymity as the matter is private. The investigation has since been concluded in a way a source close to BCB deemed positive for the company. BCB is in constructive talks with the regulator about expanding its licence, a third person added.　　“BCB Group has at all times operated a compliance first approach in its business activities and continues to do so,” said Oliver Tonkin, CEO of BCB, in emailed comments. “We have regular open and transparent dialogue with all our regulators across our licenced businesses and from our perspective we are in good standing with them all. Our engagement with the FCA continues to be positive and we have recently been given the