Crypto firms in the United Kingdom could face some harsh punishments under the FCA’s proposed financial promotions regime.
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Category: U.K. Financial Conduct Authority
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UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating Illegally The U.K. financial sector watchdog, the Financial Conduct […]Powered by WPeMatico
UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash
London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s Financial Conduct Authority. After receiving the permit, the fintech start-up immediately launched peer-to-peer (P2P) payments for both crypto and fiat currencies. Ziglu founder and chief executive officer Mark Hipperson said the EMI license allows the […]
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