The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain.
Category: UK Financial Conduct Authority
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Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary
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 debit card may not be able to access their […]
The post Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary appeared first on Bitcoin News.
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Winklevoss’ Gemini Crypto Exchange Exploring The Lucrative UK Market
While it may not compete with Binance as the largest exchanges in the world, Gemini crypto exchange is certainly among the most renowned. Founded and led by Tyler and Cameron Winklevoss, the exchange has recently had its stablecoin approved and now, it’s eyeing the UK crypto market. According to sources familiar with the matter, Gemini […]
The post Winklevoss’ Gemini Crypto Exchange Exploring The Lucrative UK Market appeared first on NullTX.
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UK Regulator Advises Banks to “Enhance Your Scrutiny” When Dealing with Crypto Firms
The Financial Conduct Authority, a financial industry regulator in the UK, has called for appropriate caution and enhanced scrutiny from banks as they handle firms engaged in crypto trading. In an open letter to CEOs, the FCA’s Executive Directors of Supervision, Megan Butler and Jonathan Davidson, listed a number of measures that banks can take […]
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