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UK Crypto Lobby Group Voices Concerns About FCA's Incentives Ban Impact – What's Going On?
11.8.2023
A UK crypto industry group has raised concerns about the potential negative consequences of a proposed ban on incentives by the Financial Conduct Authority (FCA).
Crypto lobby group CryptoUK has submitted a response to the FCA's recent regulatory regime for crypto advertisements and promotions...
UK Crypto Incentives Ban Could Drive Firms Out of Country, Lobbyists Say
10.8.2023
Lobby group CryptoUK called for more clarity on the FCA’s guidance on its upcoming rules for crypto ads
Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo
8.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150...
Ripple Requests Crypto License in UK After SEC Partial Win
23.7.2023
Blockchain-based digital payment network Ripple has applied for a crypto license in the UK and Ireland after its partial win against the US Securities and Exchange Commission.
Sendi Young, Ripple's managing director for the UK & Europe, has revealed that the company “very recently” applied...
FCA Launches Permanent Digital Sandbox to Foster Fintech Innovation
21.7.2023
The UK's Financial Conduct Authority (FCA) has announced the launch of a permanent version of its Digital Sandbox.
Building on the success of its trial phase, the sandbox will provide firms with a secure environment to test their products at an early stage of development, the regulator said...
UK's FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities
20.7.2023
The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report
Today in Crypto: UK Gov 'Firmly Disagrees' with Treasury on Regulating Crypto as Gambling, UK FCA to Open Digital Sandbox on August 1, Push Protocol Launches Decentralized Audio & Video Streaming App
20.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: UK Gov 'Firmly Disagrees' with Treasury on Regulating Crypto as Gambling, UK FCA to Open Digital Sandbox...
UK Financial Regulator to Introduce Isolated Environment for Testing Financial Applications
20.7.2023
During a pilot phase, the environment was used to test the eco-friendliness of decentralized ledgers
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
Crypto memes can be considered financial promotions, says UK watchdog
18.7.2023
Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA
UK Regulator Targets Unlawful Crypto ATMs in Joint Operation
12.7.2023
The UK's financial watchdog and four other law enforcement agencies recently inspected another 18 crypto ATM sites, "disrupting" 26 machines across the nation.
The Financial Conduct Authority (FCA) stated on Tuesday that the sites "suspected" of operating crypto ATMs were inspected in May and June...
UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites
11.7.2023
The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against operators of unregistered crypto teller machines....
UK Regulator Ramped Up Campaign Against Crypto ATMs in May and June
11.7.2023
The financial watchdog conducted inspections in conjunction with the South West Regional Organized Crime Unit and the police forces of Greater London, Bedfordshire and Hertfordshire
'Get Ready to Comply' - UK Regulator's Message to Crypto Companies
5.7.2023
The United Kingdom's Financial Conduct Authority (FCA) has issued a warning to all crypto asset firms operating in the country, reminding them to ensure marketing compliance by the October deadline.
According to a letter dated July 4, the FCA has stated that starting from October 8, crypto...
FCA Confirms That Digital Assets Head Binu Paul Exited Less Than a Year After Assuming Role, Search for Replacement to Begin 'Shortly'
27.6.2023
The Financial Conduct Authority’s (FCA) head of digital assets Binu Paul has left the organization.
This comes less than a year after joining the FCA.
According to his LinkedIn profile, Paul worked for the UK regulator for nine months, between October 2022 and June 2023.
When he had just...
Today in Crypto: Prosecutors Impose Travel Ban on Haru Execs, US Retailers Hit with Bomb Threats & Bitcoin Demands, Gemini Allows Withdrawals for Voyager Users
26.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Prosecutors Impose Travel Ban on Haru Execs, US Retailers Hit with Bomb Threats & Bitcoin Demands, Gemini...
Binance Unit in Britain Cancels UK Regulatory Authorization
20.6.2023
Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased scrutiny from regulators and ahead of Europe’s...
Binance Subsidiary Cancels Registration With UK Regulator
19.6.2023
Binance Markets Limited, a UK subsidiary of Binance, has canceled its registration with a UK regulator.
That came in a June 7 update from the Financial Conduct Authority that said the subsidiary is not allowed to “undertake any regulated activity in the UK.”...
Read More: Binance Subsidiary...
Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down
19.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating...