UK financial watchdog to crypto industry: ‘Let’s work together’
The Financial Conduct Authority wants input from crypto companies on moving forward with regulations. Go to Source Powered by WPeMatico
Financial Conduct Authority
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UK uses Love Island star to warn finfluencers on crypto and investment schemes
The financial and advertising regulators posted a seven-part checklist to ensure these social media stars stay within the bounds of the law. Go to Source Powered by WPeMatico
Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated with regulated financial … Read more
FCA’s incoming chair calls for further crypto regulation
The new chair of the UK’s FCA makes condemnatory comments about cryptocurrencies ahead of his tenure in 2023. Go to Source Powered by WPeMatico
Crypto.com secures UK registration for ‘cryptoasset activities’
As defined by the FCA, “cryptoasset activity” includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa. Go to Source Powered by WPeMatico
Hong Kong securities regulator CEO to lead UK financial watchdog
Ashley Alder said the FCA would help “chart the UK’s post-Brexit future as a global financial centre which continues to support innovation and competition.” Go to Source Powered by WPeMatico
Bank of England and regulators assess crypto regulation in raft of new reports
A bundle of interrelated documents remind financial institutions of their responsibilities and look at the state of crypto regulation in the U.K. Go to Source Powered by WPeMatico
UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s ‘Red Alert’ Priority Issue The U.K. Advertising Standards Authority (ASA), the country’s regulator of advertising, announced Tuesday: We … Read more
UK FCA will spend £11M to warn people about investing in crypto
U.K. financial regulators have announced an 11 million pound digital marketing war chest to warn people about the dangers of crypto investments. Go to Source Powered by WPeMatico
51 crypto firms withdraw licensing applications in the UK
The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business. Go to Source Powered by WPeMatico
