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Category: Financial Conduct Authority
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UK FCA will spend £11M to warn people about investing in crypto
U.K. financial regulators have announced an 11 million pound digital marketing war chest to warn people about the dangers of crypto investments.
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51 crypto firms withdraw licensing applications in the UK
The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business.
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Diginex’s crypto custody arm receives green light from UK financial watchdog
The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions.
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UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
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 complaining because they cannot access their money. Reports also detail that if the firm becomes […]
The post UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection appeared first on Bitcoin News.
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UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges
Young and small cryptocurrency businesses will pay lower registration fees than big companies, the United Kingdom’s financial watchdog has decided after consultations with members of the industry. The revised fee scheme takes into account the firms’ income to determine the amount they’ll be charged to cover supervision costs. Also read: Singapore Introduces Licensing for Crypto […]
The post UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges appeared first on Bitcoin News.
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Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets
Cryptocurrency wallet service provider Bitgo has secured a $100 million policy through Lloyd’s insurance to cover crypto assets that are completely under the company’s control, such as those held in its business wallet and custody offerings. The policy covers issues like insider theft by employees, loss or damage of private keys and hacks. Also read: Survey […]
The post Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets appeared first on Bitcoin News.
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67 Cryptocurrency Companies Probed by UK Regulator
The U.K.’s Financial Conduct Authority (FCA) has reportedly provided an update of its investigations of crypto companies. A total of 67 inquiries were launched, 49 of which have been closed, leaving 18 businesses currently under investigation. The UK government has reportedly said it is ready to give power to the FCA to regulate the crypto […]
The post 67 Cryptocurrency Companies Probed by UK Regulator appeared first on Bitcoin News.
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UK Government Moots Ban on Cryptocurrency Derivatives
The U.K. government is considering a ban on cryptocurrency-linked derivative products. The Financial Conduct Authority said in a report on Oct. 29 that it will begin consultations on whether to ban the sale of derivatives based on digital coins like BTC as well as to restrict crypto-based contracts of difference to the public. Virtual currency […]
The post UK Government Moots Ban on Cryptocurrency Derivatives appeared first on Bitcoin News.
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Facebook to Be Sued for Defamation Related to Scammy Bitcoin Ads
In what is being referred to as a “groundbreaking lawsuit”, United Kingdom financial guru Martin Lewis is taking aim at Facebook’s lack of vigilance with regard to fake accounts. Mr. Lewis claims his likeness and reputation were used in multiple fraudulent instances, peddling mostly investment advice for assets such as bitcoin. Also read: James Bond-Like […]
The post Facebook to Be Sued for Defamation Related to Scammy Bitcoin Ads appeared first on Bitcoin News.
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