Revolut granted FCA license to offer digital asset services in UK
Revolut was the only firm on the FCA’s temporary registration regime and is now licensed to offer digital asset trading and custodial services in the U.K.
Latest Financial Conduct Authority News
FTX gets spanked by UK watchdog, Alameda to repay Voyager debt
The U.K.’s Financial Conduct Authority (FCA) has warned consumers that FTX is operating in the U.K. without local permission, putting another dent in its founder’s increasingly tarnished PR halo.
UK’s ePayments shuts down due to FCA’s AML concerns
ePayments, which had over 250,000 clients, was ordered to freeze operations in early 2020 after the FCA found weaknesses in its financial crime controls.
UK regulator accuses Revolut of ‘material misstatement’ in audit report
The Financial Reporting Council says Revolut’s auditing had an “unacceptably high risk of material misstatement” amid cost-cutting under Project Prism.
UK bipartisan group launches inquiry on digital asset regulations
The Crypto and Digital Assets All Party Parliamentary Group wants to hear from the public on regulations, CBDCs, the role of the FCA and BoE, and more.
UK fintech unicorn Revolut on hiring spree for digital assets division
Revolut is bucking this year’s massive tech layoffs tide, raising headcount by 20%, including in its digital assets business which accounts for 10% of revenue.
FCA issues tougher ad rules for risky assets, pledges to target digital assets next
FCA published new guidelines prohibiting flashy ads that don’t portray the risks that such investment comes with, and digital assets ads are set to follow.
The CoinGeek Pulse Episode 96: Bankrupt Celsius owes $5B, Binance fined in the Netherlands, Dubai launches metaverse strategy
More troubles loom for digital assets firms like Celsius Network and Binance; meanwhile, Dubai launches its new 'metaverse strategy' that aims to open 40,000 virtual jobs by 2030.
UK fund managers push for regulatory approval for tokenization of funds: report
The Investment Association believes that blockchain technology can be used to bring greater efficiency, cost savings, and transparency to mutual funds, according to the Financial Times report.
Dutch AFM official gearing up to ban retail digital currency derivatives
Paul-Willem van Gerwen spoke on the rise and impact of digital currency derivatives in his keynote speech at the Amsterdam Propriety Traders managers meeting.
UK FCA warns investors of risks in digital currencies and NFTs
The FCA didn't mention specific offenders and stated that the reminder had been necessitated by a growing number of social media posts related to digital currencies and NFTs.
12 digital asset firms get extension as FCA registration deadline closes amid outrage
Over 100 companies had applied for the temporary registration exemption, but only 12 were granted, even as several companies expressed outrage at the process.