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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
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
Slow FCA processing at odds with UK's crypto ambitions — Report
30.8.2024
Crypto firms may want to register somewhere they can receive more prompt attention, law firm warns
UK’s FCA provides more guidance on crypto promotion compliance
7.8.2024
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October
UK’s FCA provides more guidance on crypto promotion compliance
7.8.2024
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October
UK crypto industry publishes Travel Rule navigation guide
6.6.2024
The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company
FCA crypto regulators will take the best from TradFi and DeFi, says exec
8.5.2024
The United Kingdom’s FCA has been combining different approaches to regulating the crypto market to see which one would work best
Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
2.5.2024
Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report
UK Watchdog Says It Will Not Object to Crypto ETN Listing Requests
12.3.2024
The United Kingdom’s Financial Conduct Authority has said it will not object to requests by recognised investment exchanges to launch crypto-backed exchange-traded notes. The exchange-traded notes will only be made available to professional investors such as regulated investment firms. ETNs...
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
20.2.2024
UK Economic Secretary to the Treasury Bim Afolami has said the UK government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report
Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules
18.12.2023
Revolut has responded to the UK’s FCA crypto regulation changes by halting crypto purchases for Revolut Business users. Image by Armands photography, Adobe Stock. London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users...
Crypto firms have already breached new UK promo rules 221 times, says FCA
26.10.2023
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too
UK Regulator Issues 146 Crypto Alerts Within 24 Hours
10.10.2023
British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms...
Crypto Platform Bybit to Suspend UK Operations Starting October 8 – What's Going On?
22.9.2023
Digital assets exchange Bybit, which cited early this month that new marketing rules in the UK would hinder its operations, will no longer accept new account applications from UK residents, starting October 1.
The new rules, announced by the UK’s Financial Conduct Authority (FCA), apply to...
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...
Bitstamp, Interactive Brokers Receive FCA Nod for UK Crypto Operations
14.6.2023
The UK's Financial Conduct Authority (FCA) has approved Bitstamp and Interactive Brokers' application to join the financial regulator's registry of crypto asset service providers.
The two entities mark the first businesses added to the UK cryptocurrency register in six months.
With up to...
UK Financial Regulator Expands Enforcement Against Crypto ATMs to East London
8.3.2023
The FCA began enforcing its proclamation that crypto ATMs are illegal last month, inspecting sites in the northern city of Leeds
Crypto firms could face 2 years jail for breaching UK advertising laws
7.2.2023
Crypto firms in the United Kingdom could face some harsh punishments under the FCA's proposed financial promotions regime
UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’
2.10.2022
The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good system of regulation and if they...
Crypto.com secures UK registration for 'cryptoasset activities’
17.8.2022
As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa