UK FCA: More power needed to oversee digital currency promotions
The concerns were raised via a speech by chairman Charles Randell, who stated that FCA should be given more teeth to regulate on advertisements that had overstepped the mark.
Latest Financial Conduct Authority News
Barclays suspends all payments to Binance following FCA warning
The drastic move comes as a result of the U.K.’s financial regulator, the Financial Conduct Authority, issuing a notice that Binance is not permitted to operate in the country.
UK licensing proves too strict as 13 more digital currency firms withdraw applications
Digital currency businesses looking to operate in the United Kingdom are reportedly finding the licensing terms set out by the Financial Conduct Authority to be too challenging.
Regulatory walls are closing in on Binance
Binance came under regulatory fire on three continents in the space of a single weekend, another sign that the enforcement walls are rapidly closing in on the troubled cryptocurrency exchange.
UK watchdog warns against over 100 unregistered digital currency firms
The U.K. financial watchdog has issued a warning against more than 100 digital currency companies that it says have been operating in the country without the required licensing.
UK regulator extends registration deadline for digital currency firms to March 2022
The Financial Conduct Authority is extending the period in which it will allow digital currency companies to operate even if they are not officially approved to offer their services.
Met Police urge for crackdown on digital asset money laundering
London’s Metropolitan Police are lobbying the U.K. government to legislate to make it tougher for criminals to use and transfer digital assets, according to Detective Chief Superintendent Michael Gallagher.
UK minister: Digital currency companies falling short on AML obligations
John Glen said there had been significant difficulties in registering digital currency companies under the regulations, resulting in a majority of applicants for AML approval withdrawing their licenses.
Binance under fire by European regulators for stock token offering
The Financial Times reported that European regulators, were investigating whether the Binance token launch was arranged in compliance with securities laws before being made available for sale.
Why aren’t digital asset providers held to their promises?
The digital asset industry has a specific problem which, despite hurting consumers and adoption, receives little attention: dishonest advertising.
Bybit shuts down in UK after regulator warning
Users of the digital currency derivative platform in the U.K. have until March 31 to close all their positions and withdraw their balances, according to Bybit.
FCA exposes unregistered trading firm as 199 new firms receive licenses
United Kingdom’s financial watchdog has issued a public warning against Dalsari, which it says is an unregistered firm offering trading services in digital currencies.