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Category: UK FCA
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FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says ‘This Is a Very Real Risk’
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UK crypto community reacts as FCA derivatives ban goes into effect
The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force.
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Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen […]
The post Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License appeared first on Bitcoin News.
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Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe
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 of falsifying accounts and market manipulation. […]
The post Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe appeared first on Bitcoin News.
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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.
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The UK Clamps Down on Cryptocurrency Operations
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Bitcoin in Brief Monday: Poloniex Responds to Frozen Accounts Complaints
In today’s edition of Bitcoin in Brief we feature stories that show the increased focus regulators have placed on companies operating in the cryptocurrency scene and how it can adversely affect clients. FCA revels it is investigating dozens of ventures, and Poloniex tries to reassure legacy clients that their frozen funds are safe. Also Read: Niall […]
The post Bitcoin in Brief Monday: Poloniex Responds to Frozen Accounts Complaints appeared first on Bitcoin News.
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LMAX Exchange Group Launches Institutional Cryptocurrency Exchange
LMAX 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.
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Coinbase Granted E-Money License by UK’s Financial Conduct Authority
Coinbase appears poised to increase its global market share for licensed cryptocurrency exchanges. It recently hired a mergers and acquisitions veteran who handled more than 40 deals for Linkedin, signaling its intent to start gobbling up competitors in the industry. Now it’s also established a new legal beachhead in the UK from which it can […]
The post Coinbase Granted E-Money License by UK’s Financial Conduct Authority appeared first on Bitcoin News.
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