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FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says ‘This Is a Very Real Risk’
24.6.2021
U.K.’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement...
UK regulator warns against 111 unregistered crypto companies... and FOMO
23.6.2021
The Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it “a very real risk.”
Spanish Crypto Firms will Have to Run their Campaigns Past Regulator
16.6.2021
A leading Spanish financial markets regulator is set to begin policing crypto firms’ advertising campaigns – in direct response to a recent “aggressive” campaign that saw Madrid billboards plastered in crypto advertisements.
According to Finanzas, the nation’s National Securities Market Commission...
51 crypto firms withdraw licensing applications in the UK
4.6.2021
The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business
UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules
4.6.2021
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their...
Crypto firms not meeting AML standards, says UK minister
28.5.2021
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year
Amid Stern Warnings from China Crypto Firms Huobi and Okex Halt a Few Services
24.5.2021
On Friday, the cryptocurrency community discussed a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission that reiterated warnings about bitcoin mining. The following Sunday, reports disclosed the cryptocurrency operation Huobi has suspended...
Argentina’s tax body reportedly asks crypto firms to report all activity
14.5.2021
Argentina’s tax authority AFIP reportedly ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations
SEC enforcement actions cost crypto firms and individuals $1.7B in penalties
12.5.2021
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings
South Korean Gov’t Has ‘Invested USD 44.5m in Crypto Firms Since 2017’
6.5.2021
Opposition lawmakers have launched a stinging attack on the South Korean government, accusing it of hypocrisy after it emerged that publicly owned companies and government departments have invested a combined USD 44.5m in crypto-related projects in the past four years.
The data was compiled by...
Time Magazine names two crypto firms in Top 100 'most influential companies' list
28.4.2021
Digital Currency Group and Coinbase have made Time Magazine’s 2021 top 100 most influential companies list
Irish crypto firms must comply with money laundering laws for the first time
27.4.2021
It is now a criminal offense to operate a crypto firm in Ireland without registering with the Central Bank of Ireland
UK crypto firms must now submit yearly financial crimes reports
31.3.2021
Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue
Irish crypto firms will impose Anti Money Laundering ID checks from April
18.3.2021
Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month
South African crypto firms warn opaque regulations are harming the industry
9.3.2021
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines
NY Attorney General warns investors and crypto firms of 'extreme risks'
2.3.2021
New York Attorney General Letitia James has issued an investor alert against the "wild price swings and extreme risk" of crypto trading
Bitcoin Mining Becomes A Side Venture For Chinese Non-Crypto Firms
18.2.2021
Source: Adobe/SPICA-VEGA PHOTO ART
As bitcoin’s (BTC) skyrocketing prices continue to whet the appetites of companies from different backgrounds, tea and baked goods retailer Urban Tea is the latest example of a Chinese non-crypto business expanding into crypto mining and blockchain with...
Elon Musk’s Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase
18.2.2021
Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms. Experts Question Conflict of Interest in Tesla’s...
DOJ Charges 3 North Korean Hackers With Stealing $100M+ From Crypto Firms
17.2.2021
The hackers allegedly stole over $1.3 billion overall through various schemes
Estonia’s Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms
9.2.2021
The new administration in Estonia is still planning to pursue an agenda to tighten rules for companies dealing with cryptocurrencies. The Ministry of Finance is looking to strengthen anti-laundering measures within the context of a major money-laundering scandal that involved Danske Bank. Estonia...