The BOE noted that digital currency would pose a risk to the wider financial system as the industry grows, while the FCA spoke of several concerns that digital currency firms should keep in mind.
The Financial Conduct Authority (FCA) has posted a new job opening for the head of the Department of Digital Assets, which will deal with emerging business models in the Supervision, Policy and Competition division.
In this week’s CoinGeek Conversations, Bitstocks founder and CEO Michael Hudson talks about Gravity, which is restarting its service under the name of Gravity Money.
The U.K. regulator has said that none of the operating digital asset ATM operators are registered to offer such services and must shut down immediately or face regulatory action.
Enterprise-grade blockchain company nChain is recognized by LexisNexis as one of the Top 100 Most Innovative Companies alongside Mark Zuckerberg's Meta and China’s Tencent.
The FCA expressed concerns about a Binance subsidiary that recently took up a stake in a holding company regulated in the U.K., for the second time in a month.
The Financial Conduct Authority opened investigation into 300 digital asset firms and stopped 1 in 4 companies from joining the market as reports of scam and fraudulent activities rose in 2021.
Bitpanda claimed that it could now perform regulated custodian services in the U.K., but the FCA, which regulates Trustology, quickly put that notion to rest with an announcement of its own.
The move comes as the Financial Conduct Authority advised Bitstocks that their application for permanent FCA registration was likely to be rejected, promoting Bitstocks to withdraw their application.
Binance announced a partnership with Paysafe that once again gives it access to the U.K. payments network, having lost it after the Financial Conduct Authority booted the exchange out in June.
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.
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.
