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FCA releases discussion paper on crypto market transparency, abuse
16.12.2024
In the latest step in the long process of regulating crypto in the UK, the FCA is asking for feedback on two areas under its responsibility
UK cryptocurrency ownership rises to 12% as FCA prepares new regulations
26.11.2024
The UK’s top financial regulator, the FCA, has published a regulatory roadmap that plans to release comprehensive cryptocurrency regulations by 2026
UK’s FCA provides more guidance on crypto promotion compliance
7.8.2024
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October
UK’s FCA provides more guidance on crypto promotion compliance
7.8.2024
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October
FCA Reviewed 44 Crypto Firms Registered in UK For Anti-Money Laundering Purposes
14.2.2024
The Financial Conduct Authority (FCA) has conducted internal reviews on 44 cryptocurrency firms registered in the country to tackle money laundering concerns. In a Feb 14 release, the regulator highlighted key areas in the UK markets including digital assets regulations. Last year, the FCA carried...
Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules
18.12.2023
Revolut has responded to the UK’s FCA crypto regulation changes by halting crypto purchases for Revolut Business users. Image by Armands photography, Adobe Stock. London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users...
UK Financial Watchdog Flags “Common” Failures in Crypto Marketing
25.10.2023
The Financial Conduct Authority (FCA) has identified some recurring issues in the marketing of cryptoassets following the implementation of new regulations on October 8. In a Wednesday blog post, the FCA highlighted three primary problems, which include misleading claims regarding...
UK City Minister Andrew Griffith Advocates Clarity in Crypto Ad Rules
16.10.2023
UK City Minister Andrew Griffith has called for more clarity and flexibility in the country's recently enacted crypto advertising rules, according to a Financial Times report.
The rules, which became effective earlier this month, are among the strictest in the world and are designed to enhance...
Bybit to Stop UK Services as Fin Regulators Clamp Down - Are You Affected?
23.9.2023
Cryptocurrency exchange Bybit has revealed its decision to suspend services in the United Kingdom (UK) due to impending regulations from the country's Financial Conduct Authority (FCA).
In a Friday announcement, the exchange said it would begin the suspension process on October 1 and would...
Bybit will suspend services in UK following financial regulator's 'final warning'
22.9.2023
Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to "regulatory changes"
Travel Rule Enforcement Begins for Crypto Firms in the UK – Here's What You Need to Know
4.9.2023
Virtual Asset Service Providers (VASPs) in the UK are from September 1 required to collect, verify and share information on crypto transactions to firms “in the UK, or any jurisdiction that has implemented the Travel Rule.”...
Read More: Travel Rule Enforcement Begins for Crypto Firms in the UK...
UK Crypto Lobby Group Voices Concerns About FCA's Incentives Ban Impact – What's Going On?
11.8.2023
A UK crypto industry group has raised concerns about the potential negative consequences of a proposed ban on incentives by the Financial Conduct Authority (FCA).
Crypto lobby group CryptoUK has submitted a response to the FCA's recent regulatory regime for crypto advertisements and promotions...
Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs Investigated by Law Firm, Bitget to Collaborate on CBDCs
14.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs...
FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report
20.5.2022
The United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets
UK financial watchdog extends registration deadline for some crypto firms
30.3.2022
As of March 25, there were 12 firms permitted to “carry out cryptoasset activities” under FCA temporary registration status, including CEX.IO, Revolut, and Copper
UK Lawmakers Form Crypto and Digital Assets Group to Ensure Regulation Supports Innovation
11.1.2022
U.K. lawmakers have formed the Crypto and Digital Assets Group to ensure that new rules for the crypto industry support innovation. “We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said...
'Nation should not compensate investors for crypto losses' says UK's Financial Conduct Authority CEO
8.12.2021
UK's top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss
Binance’s Troubles Grow as Thailand Files Criminal Complaint — Similar Warnings by Cayman Islands, UK, Japan
4.7.2021
A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U.K., and Japan issued similar warnings on Binance and related...
UK FCA buys another 9 months to review crypto companies’ registrations
3.6.2021
The Temporary Registrations Regime's end date for crypto companies has been pushed to March 2022
Crypto Long & Short: A U.K. Ban on Crypto Derivatives Will Hurt, Not Protect Investors
11.10.2020
The FCA’s retail investor crypto derivatives ban is a misuse of regulatory authority, argues Noelle Acheson. What’s more, its main justification is one of crypto assets’ strongest features