Cryptocoins News / Finance Magnates - 1 month ago
The UK's
Financial Conduct Authority (FCA) has defended its “too tough” approach to
registering cryptocurrency firms, arguing that robust standards are essential
for building a sustainable and trustworthy digital asset sector.In a
statement released...
Cryptocoins News / CoinJournal - 1 month ago
The DSS has the “potential to improve efficiency and reduce costs” in financial markets
The sandbox will boost the UK’s position as a “vibrant financial centre”
The DSS will operate until December 2028, but could be ext...
Bitcoin News / Bitcoin.com - 1 month ago
Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case repres...
Bitcoin News / Bitcoin.com - 2 months ago
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused...
Cryptocoins News / Finance Magnates - 2 months ago
Nexo, the platform that gained popularity by offering crypto lending products, has resumed new client registration in the United Kingdom today (Tuesday), the company announced.Ensuring Local ComplianceThe crypto platform detailed that before resuming...
Cryptocoins News / Finance Magnates - 2 months ago
Applications for registration as a crypto-asset exchange or
custodian wallet provider have dropped by 51% over the past three years,
according to data obtained through a Freedom of Information (FOI) request by
global law firm Reed Smith. The Financia...
Cryptocoins News / Finance Magnates - 3 months ago
The UK's Financial Conduct Authority (FCA) has intensified
its crackdown on crypto firms, issuing over 1,000 warnings and removing 48 apps
from UK app stores since new financial promotion rules took effect last
October, Coindesk reported. This enforc...
Cryptocoins News / Finance Magnates - 3 months ago
The Financial Conduct Authority (FCA) has recently conducted
an assessment of cryptocurrency firms to ensure their compliance with new
financial promotion rules aimed at improving consumer understanding of crypto
investment risks. These rules, which...
Cryptocoins News / Finance Magnates - 3 months ago
CB Payments Limited (CBPL) has been fined £3,503,546 by the
Financial Conduct Authority (FCA) for breaching a regulatory requirement. The
fine is a result of CBPL's failure to comply with a rule that prevented it from
offering services to high-risk c...
Cryptocoins News / Finance Magnates - 3 months ago
CB Payments Limited (CBPL) has been fined £3,503,546 by the
Financial Conduct Authority (FCA) for breaching a regulatory requirement. The
fine is a result of CBPL's failure to comply with a rule that prevented it from
offering services to high-risk c...
Cryptocoins News / Finance Magnates - 4 months ago
The
Financial Conduct Authority (FCA) has significantly expanded its cryptocurrency
workforce to over 100 staff members, yet its policy team remains understaffed,
according to data obtained by blockchain finance provider Quant through a
Freedom of In...
Bitcoin News / Google News Bitcoin - 6 months ago
WisdomTree secures FCA approval for bitcoin and ether ETP listings on the London Stock Exchange& & The Block
Cryptocoins News / Finance Magnates - 8 months ago
The US-based forex broker OANDA has announced its foray into the
cryptocurrency trading realm in the United Kingdom with the launch of its new
platform, OANDA Crypto. The platform, registered with the country’s financial
regulator, the Financial Cond...
by COINS NEWS - 9 months ago
Bit of a rant. I've been trying to prep for the next few months and work out the best exchange to buy and also on and off FIAT ramp and seriously, the options for UK crypto enthusiasts are so limited. Can't make any passive earn income or use...
Bitcoin News / Bitcoin.com - 11 months ago
The U.K. Financial Conduct Authority (FCA) has revealed that it has dealt with over 1,400 crypto cases between January 2020 and June 2023. The regulator noted that “a shortage of crypto skills meant the FCA took longer than planned to register...
Bitcoin News / Bitcoinist - 11 months ago
The UK’s Financial Conduct Authority (FCA) is facing criticism from the country’s National Audit Office (NAO) for its sluggish approach to enforcing crypto laws and a shortage of staff with expertise in cryptocurrencies.
In a recent repo...