Regulation Round-Up: Shapeshift COO Says U.S. Regulations Worsen, Germany to Protect Financial Stability not Individual Investors

In recent regulatory news, the Shapeshift co-founder and chief operating officer, has given a damning appraisal of the current regulatory climate surrounding cryptocurrencies in the United States. The president of Germany’s Federal Financial Supervisory Authority, Felix Hufeld, has indicated that the principal concern of German regulators regarding cryptocurrency will be seeking to ensure financial stability, … Read more

UK Regulator Advises Banks to “Enhance Your Scrutiny” When Dealing with Crypto Firms

The Financial Conduct Authority, a financial industry regulator in the UK, has called for appropriate caution and enhanced scrutiny from banks as they handle firms engaged in crypto trading. In an open letter to CEOs, the FCA’s Executive Directors of Supervision, Megan Butler and Jonathan Davidson, listed a number of measures that banks can take … Read more

The UK Clamps Down on Cryptocurrency Operations

We’re used to hearing about regulation by now. But most of the news that makes the headlines comes from the United States SEC and its latest statements or subpoenas. However, it seems that the United Kingdom is following suit. The country’s financial regulator and markets watchdog, the Financial Conduct Authority (FCA), says there are now 24 pending … Read more

UK’s FCA Actively Probing Two Dozen Cryptocurrency Firms

Despite the growing interest in cryptocurrency, not all ventures should be trusted by default. In the United Kingdom, an active investigation into two dozen cryptocurrency firms has been launched by the Financial Conduct Authority. Although this doesn’t mean any of these firms have done something illegal, it will be interesting to see what the investigation … Read more

LMAX Exchange Group Launches Institutional Cryptocurrency Exchange

LMAX Exchange Group, which operates a UK Financial Conduct Authority (FCA) regulated FX trading venue, has announced today a physical cryptocurrency exchange dedicated to serving only institutional clients. The company says it developed LMAX Digital at the request of its existing clients who asked for a credible, efficient and trusted platform to trade with like-minded … Read more

Japanese Forex Giant GMO to Launch New UK Crypto Trading App

Japanese brokers already dominate the global online retail FX and CFD market by trading volumes. And it now looks like they will try to leverage their country’s receptive regulatory environment to expand internationally with crypto too. The latest example is an app in the UK created by two groups headquartered in Tokyo. Also Read: Bitcoin … Read more

England: Unauthorized Crypto Futures and ICOs are Criminal Offences

In a statement released 6 April 2018, the Financial Conduct Authority (FCA) of England attempted to clarify its jurisdiction in the ever-booming cryptocurrency industry. While acknowledging cryptos are “not currently” regulated by the bureau, crypto futures, contracts for difference (CFDs), options, and initial coin offerings (ICOs) do indeed fall under their purview. Furthermore, crypto firms … Read more

PR: Bank4YOU Announces Receiving Byteball Payments

Bank4YOU keeps a hand on the pulse of the blockbuster market. A young currency Byteball has been added to the existing list of accepted fiat and cryptocurrencies. Top-management places great hopes on this currency and starts working with it among the first, giving its customers the opportunity to make the contribution to ICO campaign along … Read more

Coinbase Granted E-Money License by UK’s Financial Conduct Authority

Coinbase appears poised to increase its global market share for licensed cryptocurrency exchanges. It recently hired a mergers and acquisitions veteran who handled more than 40 deals for Linkedin, signaling its intent to start gobbling up competitors in the industry. Now it’s also established a new legal beachhead in the UK from which it can … Read more