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UK Watchdog Clarifies Rules for Memes and Finfluencers in Social Media Promotions
28.3.2024
The UK’s FCA on Tuesday issued new guidelines for financial services promotions on social media. These apply to formats like memes, reels, and gaming streams, highlighting the need for fairness and avoiding any misleading information.
The post UK Watchdog Clarifies Rules for Memes and Finfluencers...
Brokerage Oanda to Launch Crypto Trading in the UK: Report
26.2.2024
Brokerage firm OANDA is launching crypto trading in the UK and will be based in London, and the new business will be dubbed, “OANDA Crypto."
The post Brokerage Oanda to Launch Crypto Trading in the UK: Report appeared first on Cryptonews
Banxa, Payments Partner for Binance and OKX, Lands on UK Crypto Register
13.2.2024
BNXA UK VASP is the first firm to land on the Financial Conduct Authority's crypto register this year
UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
9.2.2024
Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking
US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit
11.1.2024
Over the years, the FCA has repeatedly flagged concerns about the extreme volatility of crypto assets It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs. Crypto enthusiasts around the world are looking...
UK regulator advocates for asset managers to tokenize funds
25.11.2023
The United Kingdom's financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms
Bitfinex Lands on UK Financial Watchdog’s Warning List for Unauthorized Promotion of Financial Services
31.10.2023
The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission. On October 27, the FCA in the UK issued a public warning regarding Bitfinex, expressing concerns...
UK's FCA Adds 143 Crypto Exchanges, Including Huobi-owned HTX and KuCoin, to Warning List
9.10.2023
In a recent move, the Financial Conduct Authority (FCA), the United Kingdom's financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as "non-authorized firms" that citizens "should avoid."
The warning list is accompanied by...
UK Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
7.9.2023
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January
Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg
7.9.2023
The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November
UK's Travel Rule comes into effect, could halt certain crypto transfers
1.9.2023
The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September
19.8.2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable...
Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024
16.8.2023
In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free...
UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions
19.7.2023
The FCA has turned down some of the largest crypto firms in the world in the last 18 months, its CEO Nikhil Rathi told lawmakers at a hearing
Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator
18.7.2023
The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act in June
a16z opening London crypto office citing 'predictable' environment
12.6.2023
The expansion came following a “productive dialogue” with the U.K. Prime Minister and “months of constructive conversations” with UK policymakers, a16z’s general partner said
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
5.5.2023
The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat
UK financial watchdog to crypto industry: ‘Let’s work together’
26.4.2023
The Financial Conduct Authority wants input from crypto companies on moving forward with regulations
UK uses Love Island star to warn finfluencers on crypto and investment schemes
7.4.2023
The financial and advertising regulators posted a seven-part checklist to ensure these social media stars stay within the bounds of the law
Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
14.2.2023
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...