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.
Latest Financial Conduct Authority News
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.
FCA: Unregistered digital currency firms must shut down, refund investors
The UK financial markets regulator cautioned such companies that continuing their activities would attract criminal and civil enforcement actions.
Digital currency derivatives ban now in effect in UK
The ban on sale of digital currency derivatives that was first proposed by the U.K. Financial Conduct Authority is now in effect.
FCA extended ‘temporary registration regime’ provides relief for digital currency firms
The UK regulator’s new temporary regime would run until July 9, 2021, and would apply to existing digital currency businesses who have yet to secure a required license to operate.
UK FCA warns against digital currency platform Markets Pilot
Markets Pilot, allegedly based in the Caribbean island nation of Dominica, has been targeting U.K. residents with its investment and trading platform, according to the FCA.
South Africa regulator drafts bill to regulate digital currency service providers
In its draft bill, the Financial Sector Conduct Authority is proposing that all service providers register as financial service providers.
UK Financial Conduct Authority bans sale of ‘cryptoasset’ derivatives
The move was announced by the U.K. regulator, representing the conclusion of more than a year’s worth of consultation.
FCA bans crypto derivatives sale to retail investors
The Financial Conduct Authority has banned the sale of crypto-derivative products to retail investors in the UK; the ban becomes effective January 6 2021.
Bitstocks secures FCA license for payment services
Bitstocks, the company behind Gravity, is now registered with the U.K. Financial Conduct Authority as an EMD Agent.
Here’s why Bitcoin is automatically FCA compliant
The FCA’s proposal will require digital currency service providers to make significant operational changes so that they can be compliant.
