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UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms
25.8.2020
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime
Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning
8.8.2020
A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get...
Prime Factor Capital Is Shutting Down: Lack of Capital Cited as Prime Factor
23.7.2020
Prime Factor Capital is shutting, down
Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue
8.7.2020
Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to...
Kraken-Owned Crypto Facilities Wins UK License to Offer Derivatives Trading
6.7.2020
The subsidiary of cryptocurrency exchange Kraken has obtained a U.K. license allowing it to operate its derivatives platform in the EU
A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies
2.7.2020
The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK...
UK Court Orders Crypto Exchange to Shut Down After Clients Lose $2M
1.7.2020
The U.K. is ordering GPay to shut down on allegations that 108 clients lost £1.5 million or $2 million through the crypto exchange
FCA Research Says 2.6 Million UK Residents Have Bought Crypto
30.6.2020
The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.”
European Crypto Cards Reactivate as FCA Allows Wirecard to Resume Operation
30.6.2020
Crypto.com and TenX’s crypto debit cards are usable again as U.K. regulators allow Wirecard to resume “regulated activity."
When Big Ben Rings: UK FCA’s Stance on Crypto Seen as Harsh but Fair
28.6.2020
Most believe that the FCA’s latest efforts to monitor the U.K.’s crypto ecosystem are a step in the right direction
Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary
27.6.2020
UK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a unit of troubled Wirecard AG, which is responsible for issuing Visa cryptocurrency debit cards. It means some users of cards such as Crypto.com’s Mco visa debit card and Tenx’s visa...
Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe
25.6.2020
Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations...
UK Financial Watchdog Warns Crypto Firms to Register Before End of June
22.6.2020
The Financial Conduct Authority wants six months to review and ask follow-up questions to crypto businesses applying to operate in the U.K
FCA Launches Digital Sandbox for Tackling COVID-19 Solutions
5.5.2020
The sandbox will provide opportunities for blockchain firms targeting solutions related to COVID-19 to expedite development
UK Financial Regulator: Watch Out for Coronavirus Crypto Scams
12.3.2020
The United Kingdom’s Financial Conduct Authority is asking investors to watch out for coronavirus-related crypto scams
UK Finance Watchdog Warns Against ‘Unauthorized’ Crypto Exchange BitMEX
5.3.2020
The Financial Conduct Authority said BitMEX had been targeting U.K. consumers without approval
UK Financial Watchdog Retracts Kraken Warning, but BitMEX Caution Stays Up
5.3.2020
The UK regulator has issued a ‘scammers’ warning about BitMEX and Kraken — but was forced to quickly retract the notice about Kraken
UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
27.2.2020
Epayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been...
FCA Keeps EPayments on Lockdown, Crypto Unlikely at Fault
18.2.2020
Payment system ePayments has been halted by the FCA for about a week now, and people are still locked out of their accounts. While the company is affiliated with crypto, the explanation for the increased scrutiny seems to lie elsewhere
Retail Investors Aren’t Interested in Crypto Derivatives, Says eToro Executive
12.2.2020
eToro isn't too worried about a potential U.K. ban on crypto derivatives