Currency Matters has gone into Special Administration (6 October 2025)

Frank Ofonagoro and Allister Manson of Opus Restructuring LLP were appointed as Joint Special Administrators of Currency Matters Limited – in Special Administration on 6 October 2025.

More details on this has been added to the Opus Restructuring LLP website. This is also where information will be updated.

On 1 September 2025, the Financial Conduct Authority (FCA) issued a First Supervisory Notice to Currency Matters Limited (the “Firm”) and imposed requirements on the Firm pursuant to regulation 12(1) of the Payment Services Regulations 2017.

With immediate effect the Firm must not:

(a) Register and/or onboard any new customers;

(b) Accept any additional funds or account credits from any existing customers.

The requirements imposed by the FCA can be found on the Firm’s entry on the Financial Services Register.