UK government vows to get tough on digital currency ads
U.K. Chancellor Rishi Sunak noted that digital currency assets allow new ways to transact and invest, although he also emphasized the need to balance this innovation with investor protections.
Latest Financial Conduct Authority News
2021—the year Binance would rather forget
2021 has been a troubled year for Binance: it was blocked by many major banks in the U.K., booted out of several countries, and accused of market manipulation and insider trading.
Binance ‘re-engaged’ with FCA to become registered in UK: Changpeng Zhao
Months after the Financial Conduct Authority shut down BInance over its illegal operations in the U.K, CEO Changpeng Zhao says the company is now in advanced stages to obtain licensing in the country.
The CoinGeek Pulse Episode 67: Deliberations begin in Satoshi Trial in Florida, FCA seeks digital forensics help, Bitcoin Association joins JCBA
The Kleiman v Wright trial is now on its final stretch in Florida, and the fate of over $65 billion Satoshi Bitcoins lies with the jury who are set to reach their verdict on Monday.
FCA to spend $670k on digital currency training and forensics
The U.K. regulator has issued a tender offer for a firm that can provide “a platform that can support the robust and efficient analysis of cryptoasset blockchain data.”
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.
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.