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UK’s finance watchdog defends ‘too tough’ on crypto stance
22.10.2024
The FCA has defended its rigorous crypto regulations, countering claims that its high standards stifle innovation and hinder the UK’s global financial leadership
Archax, Assetera partner to offer 91 tokenized funds in UK market
8.10.2024
Assetera and Archax are collaborating to provide UK and global investors with regulated access to tokenized funds, including real-world and digital assets
Archax, Assetera partner to offer tokenized RWA in UK, Europe
8.10.2024
Assetera and Archax are collaborating to provide investors with regulated access to tokenized funds, including real-world and digital assets
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources
4.10.2024
The U.K financial services regulator issued the payments provider a 166 notice late last year
Bank of England and FCA launch Digital Securities Sandbox
1.10.2024
The regulatory sandbox aims to strengthen the United Kingdom’s position as a global financial hub
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
1.10.2024
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...
Man Pleads Guilty to Illegally Operating Crypto ATM Network in the UK
30.9.2024
This marks the first U.K. conviction for running a crypto ATM operation
Telegram Wallet temporarily blocked for UK users due to restructuring
25.9.2024
Telegram users in the United States are also restricted from using the platform's in-app wallet due to financial regulations
Wallet in Telegram app temporarily blocked for UK users due to restructuring
25.9.2024
Telegram users in the United States are also restricted from using the Wallet in Telegram app due to financial regulations
UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK
16.9.2024
UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process
Web3 Innovator: UK Crypto Community Sees Brighter Future Under Labour Government
15.9.2024
The UK’s crypto community has a reason for optimism with the new Labour government, according to Harry Horsfall. Backed by a large parliamentary majority, the Labour government is seen as potentially more decisive in pushing policies favourable to the Web3 industry. Horsfall, CEO of Flight3...
CEX.IO resumes UK operations, backs stricter crypto rules
12.9.2024
Following a voluntary suspension in October 2023, CEX.io has successfully resumed operations in the UK after ensuring compliance with new FCA regulations
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
11.9.2024
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 of running a network of crypto ATMs that...
Owner of unlicensed UK crypto ATM network faces criminal charges
10.9.2024
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
10.9.2024
Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed british pounds 2.6 million ($3.4 million) in crypto transactions across various locations
UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
9.9.2024
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets....
87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
6.9.2024
Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence
Nexo Reopens UK Registrations With Enhanced User Protections
5.9.2024
Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines....
UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
5.9.2024
The FCA approved only four of the 35 applications it received in the year ended March 31
Crypto platform resumes UK registrations after 10-month FCA compliance pause
3.9.2024
The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA's guidelines oriented towards investor protection