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Financial Conduct Authority

UK’s FCA to clamp down on digital currency ATMs operating without permits
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18 February, 2023

UK’s FCA to clamp down on digital currency ATMs operating without permits

The Financial Conduct Authority said the law mandates all providers of digital currency services to seek registration with the regulators,...
UK is falling behind in digital currency race, former Chancellor says
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31 January, 2023

UK is falling behind in digital currency race, former Chancellor says

While Switzerland and the European Union are leading the race to become a digital assets hub, Philip Hammond believes the...
85% of UK firms applying for digital asset registration failed to meet minimum AML standards, FCA says
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30 January, 2023

85% of UK firms applying for digital asset registration failed to meet minimum AML standards, FCA says

The FCA revealed that 5% of firms that had applied for authorization were accepted on the first attempt, while 85%...
UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies
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21 January, 2023

UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies

After its second reading of the Financial Services and Markets Bill, members of the British House of Lords have voiced...
UK’s new tax break on digital assets seeks to attract foreign investors
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4 January, 2023

UK’s new tax break on digital assets seeks to attract foreign investors

The Rishi Sunak government will implement a tax exemption for foreign investors who purchase digital assets through local investment brokers...
Germany’s financial regulator warns users of Rtcoin’s unlicensed operation
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14 December, 2022

Germany’s financial regulator warns users of Rtcoin’s unlicensed operation

Rtcoin claims it has license to operate in Germany but a closer look at BaFin's database reveals otherwise, with British...
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