Barclays-backed Copper withdraws UK crypto license application
The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September. Go to Source
Financial Conduct Authority
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Bitget relaunches UK platform after compliance update with FCA rules
Bitget’s app relaunch in the UK comes a few months after the exchange restricted its website in the UK in accordance with the Financial Promotions regime in May 2024. Go to Source
UK’s finance watchdog defends ‘too tough’ on crypto stance
The FCA has defended its rigorous crypto regulations, countering claims that its high standards stifle innovation and hinder the UK’s global financial leadership. Go to Source
London Man Denies Running Illegal Cryptocurrency ATMs
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal crypto ATM operators in the country. London Man Denies Running Illegal Cryptocurrency ATMs Habibur … Read more
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
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 represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled … Read more
Telegram Wallet temporarily blocked for UK users due to restructuring
Telegram users in the United States are also restricted from using the platform’s in-app wallet due to financial regulations. Go to Source
Slow FCA processing at odds with UK’s crypto ambitions — Report
Crypto firms may want to register somewhere they can receive more prompt attention, law firm warns. Go to Source
UK’s FCA provides more guidance on crypto promotion compliance
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October. Go to Source
UK FCA crypto skills gap is causing slow enforcement, says National Audit Office
The National Audit Office emphasized that it took nearly three years for the UK Financial Conduct Authority to address illicit activity in crypto ATMs across the country. Go to Source
UK regulator advocates for asset managers to tokenize funds
The United Kingdom’s financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms. Go to Source
