FCA’s Fourth Consumer Report Shows UK’s Crypto Asset Ownership Increased 27% Since Last Year

FCA's Fourth Consumer Report Shows UK's Crypto Asset Ownership Increased 27% Since Last YearThe UK’s Financial Conduct Authority (FCA) has published a research report that reveals crypto asset ownership has increased a great deal. According to the study, crypto ownership spiked more than 27% since last year as the FCA’s estimates show 2.3 million adults hold digital currencies, up from 1.9 million in 2020. United Kingdom’s Regulator Publishes […]

Go to Source

Powered by WPeMatico

New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop

New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin's Latest Price DropNew Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.” FMA Warns About Unregulated Overseas Crypto Exchanges According to an official statement published in the NZ […]

Go to Source

Powered by WPeMatico

European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry

European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the IndustryThe European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues that most crypto crimes occur […]

The post European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency

British Regulator: 3% of UK Consumers Surveyed Had Bought CryptoassetsThe U.K.’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers. Also Read: In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina 3% of Brits Report Buying Crypto Assets The number of […]

The post UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Wirex Introduces Global Crypto Accounts for Businesses

Wirex Crypto Business AccountsWith the beta launch of crypto and fiat-enabled business accounts, crypto payments platform Wirex has taken a major step toward mainstream business acceptance. Using a cryptocurrency business account will eliminate the need to convert to fiat unnecessarily during inter-company fund transfers, validate crypto businesses in the wider marketplace, and offer some of the benefits traditional […]

The post Wirex Introduces Global Crypto Accounts for Businesses appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

The Daily: New Institutional Crypto Wallet, Korean Won Stablecoin

The Daily: New Institutional Crypto Wallet, Korean Won StablecoinIn today’s edition of The Daily, we feature a couple of new offerings in the cryptocurrency market including a wallet made for exchanges and token issuers as well as the latest fiat-backed stablecoin. Additionally covered are an exchange that underwent an auditor’s inspection and a crypto CFDs provider that got FCA authorization. Also Read: Wikipedia […]

The post The Daily: New Institutional Crypto Wallet, Korean Won Stablecoin appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

UK Regulator: Utility Tokens Are Not Subject to Securities Laws

Britain’s financial regulator is seeking to clarify which cryptocurrency activities need to be officially authorized. The regulator is specifically cautioning that it may ban the sale of crypto derivatives such as CFDs later this year. It’s also clarified that cryptocurrencies and utility tokens are not securities. Also Read: Blockchain.com Launches New Educational Resource With BCH […]

The post UK Regulator: Utility Tokens Are Not Subject to Securities Laws appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Analysis: Why Crypto Derivatives Are Considered Dangerous

There is a new generation of cryptocurrency-based derivatives being launched in 2019 which could significantly increase overall trading flow and attract a new breed of investors. Derivatives are not without their controversies however. Over the years, they have acquired a negative reputation in some quarters, exacerbated by movies such as “The Big Short.” Also read: Market Slump […]

The post Analysis: Why Crypto Derivatives Are Considered Dangerous appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

LMAX Exchange Group Launches Institutional Cryptocurrency Exchange

LMAX Exchange Group Launches Institutional Cryptocurrency ExchangeLMAX Exchange Group, which operates a UK Financial Conduct Authority (FCA) regulated FX trading venue, has announced today a physical cryptocurrency exchange dedicated to serving only institutional clients. The company says it developed LMAX Digital at the request of its existing clients who asked for a credible, efficient and trusted platform to trade with like-minded […]

The post LMAX Exchange Group Launches Institutional Cryptocurrency Exchange appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico