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Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
26.8.2020
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi...
UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms
25.8.2020
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime
Prime Factor Capital Is Shutting Down: Lack of Capital Cited as Prime Factor
23.7.2020
Prime Factor Capital is shutting, down
Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue
8.7.2020
Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to...
A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies
2.7.2020
The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK...
UK Court Orders Crypto Exchange to Shut Down After Clients Lose $2M
1.7.2020
The U.K. is ordering GPay to shut down on allegations that 108 clients lost £1.5 million or $2 million through the crypto exchange
Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe
25.6.2020
Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations...
UK Financial Watchdog Warns Crypto Firms to Register Before End of June
22.6.2020
The Financial Conduct Authority wants six months to review and ask follow-up questions to crypto businesses applying to operate in the U.K
FCA Launches Digital Sandbox for Tackling COVID-19 Solutions
5.5.2020
The sandbox will provide opportunities for blockchain firms targeting solutions related to COVID-19 to expedite development
UK Financial Regulator: Watch Out for Coronavirus Crypto Scams
12.3.2020
The United Kingdom’s Financial Conduct Authority is asking investors to watch out for coronavirus-related crypto scams
UK Finance Watchdog Warns Against ‘Unauthorized’ Crypto Exchange BitMEX
5.3.2020
The Financial Conduct Authority said BitMEX had been targeting U.K. consumers without approval
UK Financial Watchdog Retracts Kraken Warning, but BitMEX Caution Stays Up
5.3.2020
The UK regulator has issued a ‘scammers’ warning about BitMEX and Kraken — but was forced to quickly retract the notice about Kraken
UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
27.2.2020
Epayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been...
FCA Keeps EPayments on Lockdown, Crypto Unlikely at Fault
18.2.2020
Payment system ePayments has been halted by the FCA for about a week now, and people are still locked out of their accounts. While the company is affiliated with crypto, the explanation for the increased scrutiny seems to lie elsewhere
Retail Investors Aren’t Interested in Crypto Derivatives, Says eToro Executive
12.2.2020
eToro isn't too worried about a potential U.K. ban on crypto derivatives
Chinese Crypto Investment Firm Asked to Remove London Underground Ads
10.2.2020
The firm reportedly touted an investment scheme with 5 percent interest but didn't state that it sent the funds back to China using crypto
UK Financial Service Provider to Coinbase, Bitstamp Awarded FCA Payments License
29.1.2020
A company that provides payment services for cryptocurrency companies like Coinbase, Bitstamp and Galaxy Digital has been awarded a license by the U.K.'s Financial Conduct Authority (FCA)
Gemini Hires Former Circle Compliance Officer to Oversee European Market
28.1.2020
Blair Halliday steps into the role at Gemini as the EU's Fifth Anti-Money Laundering Directive (AMLD5) goes into effect
EU Countries Commence Crypto Regulations as Mandated by New Directive
11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...
European AML Directive Pushes Crypto Startup Bottle Pay Out of Business
15.12.2019
Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work...