Future FinTech Group (FTFT), a blockchain application technology developer and fintech service provider, announced that it has received approval from the UK Financial Conduct Authority (FCA) and expects to complete the acquisition of UK money payment services company Khyber Money Exchange within three months.
According to the agreement, the company will acquire a 100% stake in Khyber Money Exchange for a purchase price of 685,000 euros (approximately $687,400).