FCA’s crypto oversight to include AML and KYC compliance
The FCA has assumed more oversight responsibility in the crypto industry, including becoming the KYC and AML enforcer. Companies will need to be licensed afresh.
Latest Financial Conduct Authority News
Coinfloor UK-licensed crypto exchange drops Ethereum
Effective January 3, 2020, FCA-licensed exchange Coinfloor will no longer offer access to Ethereum trading.
UK FCA sees dramatic rise in crypto related probes
There has been a 74% increase in the total number of crypto-related investigations at this point as compared to October 2018, according to the U.K. Financial Conduct Authority.
UK financial watchdog flags Midpoint Exchange clone firm
The Financial Conduct Authority has issued a warning to the public regarding a clone firm that claims to offer investment services in cryptocurrency, stocks and forex.
CoinShares wants users to take action against UK crypto assets ban
U.K.-based CoinShares is seeking to enlist the support of its customers to lobby against proposed regulations by the Financial Conduct Authority.
Facebook met UK regulators ‘three times’ before announcing Libra
Reuters learned Facebook had met with the Bank of England, the Treasury and regulatory officials before going public with its planned launch.
UK Financial Conduct Authority declares what is and isn’t regulated
The U.K’s Regulator has issued their final opinion on current crypto laws, and it doesn’t lend a lot of confidence to investors.
UK FCA wants to hire cryptocurrency specialists
The U.K. is preparing for a post Brexit world, and a big part of that will be additional regulatory controls on crypto.
UK regulator grants first license to a crypto asset management firm
The license will allow Prime Factor Capital to operate as a full-scope AIFM under the European Union’s AIFM Directive.
UK regulators could pull the plug on crypto CFDs
The Financial Conduct Authority (FCA) in the UK is considering a ban on the sale of cryptocurrency derivatives, such as contract for difference (CFD) investment products.
UK regulator blacklists fraud company posing as FCA-authorized firm
The FCA has called out a site that was fraudulently cloning another company and acting as an investment scam.
FCA regulators warn public of ICAP crypto clone firm
The FCA warned that a group calling themselves ICAP Crypto is a clone firm that has developed a kind of scam to try to convince potential victims that they are a legitimate firm.