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

The UK Financial Conduct Authority (FCA) issued a so-called s166 notice to BCB late last year. That investigation has now concluded and, according to a source close to BCB, the findings were positive for the company.

The third person privy to the development added that BCB is in constructive talks with the regulator on expanding the scope of its licence.

Oliver Tonkin, CEO of BCB, said: "BCB Group has always prioritised compliance in its business activities and will continue to do so. We maintain a regular, open and transparent dialogue with all regulators. Our engagement with the FCA continues to be positive and we have recently been granted permission to extend our regulatory scope in the UK."