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UK Regulator Issues 146 Crypto Alerts Within 24 Hours
10.10.2023
British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms...
UK's FCA Adds 143 Crypto Exchanges, Including Huobi-owned HTX and KuCoin, to Warning List
9.10.2023
In a recent move, the Financial Conduct Authority (FCA), the United Kingdom's financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as "non-authorized firms" that citizens "should avoid."
The warning list is accompanied by...
Binance, OKX Adjust Crypto Operations to Comply With UK FCA’s New Regime
9.10.2023
Crypto exchange behemoth Binance has launched a dedicated domain for British users to comply with the UK Financial Conduct Authority's (FCA) new Financial Promotions Regime, effective October 8.
With the new UK domain, – Binance.com/en-GB – the exchange will offer retail users in the UK only...
Nomura-Backed Komainu Joins UK Crypto Register
9.10.2023
The firm registered with the Financial Conduct Authority just before new ad rules took effect on Sunday
Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA
7.10.2023
Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).
This regulatory approval allows the company to function as a custodial wallet provider in accordance with the 2017 regulations on money laundering, terrorist financing,...
CoinShares’ crypto venture Komainu wins crypto registration in UK
6.10.2023
Komainu is increasing its presence in the U.K. after making an agreement with authorities to store crypto seized during local investigations in 2021
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
6.10.2023
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules
Why Some Crypto Firms Are Suspending Services in the U.K.
4.10.2023
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect
UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
2.10.2023
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told
Zumo First to Integrate Tech Requirements of FCA’s New Financial Promotion Regime for Crypto Assets
29.9.2023
Digital asset-as-a-service platform Zumo has become the first cryptocurrency platform to integrate the financial promotions technical flow design laid out by the Financial Conduct Authority (FCA).
In June, the FCA published rules on financial promotions for cryptoassets, which will have effect...
Chase Bans Crypto-Linked Payments for U.K. Clients Starting October 16
26.9.2023
Chase, a digital bank owned by JPMorgan, is set to ban crypto-linked payments through debit cards or outgoing bank transfers for its UK clients starting on October 16, as conveyed in an email sent to customers.
The email noted: "If we think you're making a payment related to crypto assets, we'll...
Chase U.K. to Block Crypto Payments Citing Fraud, Scams
26.9.2023
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets
Crypto Exchange Bybit Suspending Services in UK to Comply With New Regulations
25.9.2023
Cryptocurrency exchange Bybit is suspending services in the U.K. next month in order to comply with the new rules set by Britain’s top financial regulator, the Financial Conduct Authority (FCA). “The suspension will allow the company to focus its efforts and resources to best meet...
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"
Crypto Platform Bybit to Suspend UK Operations Starting October 8 – What's Going On?
22.9.2023
Digital assets exchange Bybit, which cited early this month that new marketing rules in the UK would hinder its operations, will no longer accept new account applications from UK residents, starting October 1.
The new rules, announced by the UK’s Financial Conduct Authority (FCA), apply to...
Former FCA Chair Reveals Pressure to Approve Crypto Firms Facing U.S. Investigations
21.9.2023
The UK's financial watchdog was forced to welcome cryptocurrency firms into the British market, according to Charles Randell, the former chairman of the Financial Conduct Authority (FCA).
During a conference hosted by the Bank of England's Prudential Regulation Authority, Randell said the...
UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance
21.9.2023
The financial regulator expressed its frustration at the lack of engagement from crypto firms in a strongly worded letter
FCA Report Highlights Talks Between Banks and Crypto Firms Amid Rising Debanking Worries
20.9.2023
The UK's Financial Conduct Authority (FCA) has initiated talks between banks and crypto firms experiencing difficulties in accessing banking services, according to a recent report addressing the issue of debanking in the country....
Read More: FCA Report Highlights Talks Between Banks and Crypto...
Crypto Firms, Banks Asked to Discuss UK Debanking, Regulator Says
19.9.2023
While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views