UK Financial Conduct Authority – DIGIT INFO

87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls

DIGIT — Fri, 06 Sep 2024 02:12:21 +0000

Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence.

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SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox

DIGIT — Fri, 31 May 2024 01:32:41 +0000

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would benefit innovators, regulators, and consumers in both countries. Hester Peirce Pushes for US-UK Collaborative Financial Sandbox U.S. Securities and Exchange […]

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UK’s Travel Rule comes into effect, could halt certain crypto transfers

DIGIT — Fri, 01 Sep 2023 00:37:00 +0000

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.

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Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary

DIGIT — Sat, 27 Jun 2020 00:30:43 +0000

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

DIGIT — Mon, 24 Sep 2018 22:07:48 +0000

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

DIGIT — Thu, 14 Jun 2018 23:00:27 +0000

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 ... Read more