UK to Issue Crypto Regulatory Framework by Early 2025
A Treasury official stated that a draft regulatory framework for crypto assets would be prepared in the United Kingdom by early next year. The Conservative administration of Prime Minister Rishi Sunak, as well as specific regulations that were anticipated last summer, were ultimately defeated by a general election. Keir Starmer’s Labour government, which assumed office […]
CEX.IO Improves Platform with Tighter Order Book
CEX.IO’s liquidity aggregation engine has been updated to provide access to more external liquidity sources. According to a press statement, the improvement reduces price fluctuations, tightens the order book, and offers almost zero spreads on most trading pairs. This results in more steady trading conditions and reduced transaction costs for traders. In this sense, liquidity […]
UK FCA Defends Tough Crypto Stance
The UK’s Financial Conduct Authority (FCA) defended its strict cryptocurrency regulations, emphasizing the need for high standards to protect consumers and ensure market integrity. After receiving criticism that its regulations are “too tough” and run the risk of inhibiting innovation, the Financial Conduct Authority (FCA) of the United Kingdom defended its approach to regulating the […]
FCA Defends Crypto Stance to Combat Illicit Activities
Citing the need to safeguard financial integrity, the UK FCA justifies its strict registration requirements for crypto firms. The U.K. Financial Conduct Authority addresses worries that these strict regulations may stifle innovation in the sector by restating its dedication to a stringent registration procedure for cryptocurrency enterprises. The FCA’s head of payments and digital assets, […]
UK Identifies TikTok as Unregulated Crypto Platform
TikTok is under UK scrutiny for allegedly acting as an unregistered bitcoin exchange, based on concerns from a former compliance consultant. TikTok has faced criticism for potentially operating as an unregistered bitcoin exchange in the United Kingdom, prompting an increase in monitoring. The United States Attorney’s Office made the charges public after receiving a letter […]