UK FCA Releases Guidance for Crypto Asset Promotion Rules
Rules governing the promotion of crypto assets went into effect in the UK on October 8, however, it is being faced with low compliance in response, the Financial Conduct Authority (FCA) issued further directives to assist cryptocurrency companies in conforming to regulations. On November 2, the FCA issued “finalized non-handbook guidance” regarding conformance with the […]
Marinade Finance Restricts UK Access Following New FCA Rules
Solana-based decentralized finance protocol Marinade Finance has blocked users from the United Kingdom in compliance with the new Financial Conduct Authority (FCA) regulations. In response to developing compliance problems, Marinade Banking, a prominent decentralized banking system on the Solana (SOL) blockchain, has imposed a block on its UK-based customers. This action reflects worries about Financial […]
FCA Lists Over 140 Non-authorized Crypto Exchanges
The Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has added several cryptocurrency exchanges to its list of non-authorized firms that customers “should avoid.” 143 new entities, including prominent exchanges such as Huobi-owned HTX and KuCoin, were added to the warning list. The warning list only states, “You should avoid doing business with […]
Komainu Receives FCA Approval in UK
Komainu gains FCA approval as a custodian wallet provider, bolstering its regulatory footprint and expanding crypto services in the UK. In recognition of the significance of stablecoins, the Canadian Securities Administrators (CSA) has published new guidelines that define how they should be handled in Canada. According to the CSA, cryptocurrency service providers may be permitted […]
Binance Launches UK Domain for FCA Compliance
Binance establishes a UK-specific domain, collaborates with a business subject to FCA regulation, and supports the new Financial Promotions Regime. The cryptocurrency exchange Binance has revealed a unique domain for its UK users. This action will help to ensure adherence to the UK’s revised Financial Promotions Regime. The exchange also collaborates with Rebuildingsociety.com Limited, a […]