UK authorities disagree over sale of crypto investment products ban
Authorities in the United Kingdom are disagreeing on whether it is appropriate to ban the sale, marketing, and distribution of derivatives and exchange-traded notes (ETNs) linked to cryptocurrencies. The ban was implemented in January 2021 by the Financial Conduct Authority (FCA), the top British regulator. Since that time, businesses are no longer permitted to provide […]
UK financial services bill amendment regulates crypto activities
The Financial Conduct Authority will now have the authority to regulate operations involving crypto assets if the updated bill is approved. The bill already addressed stablecoin regulation from the outset. A change to the Financial Services and Markets Bill, which is now being debated in the UK Parliament , would allow for the regulation of […]
Strict FCA AML regulations make ePayments shut down
After three years of operations suspension, the ePayments service is permanently ceasing operations due to its inability to adequately meet FCA regulations. The provider of electronic payments, ePayments , is closing down all of its activities. On Tuesday, ePayments sent email notifications to customers announcing that, according to local laws, it is formally ceasing operations. […]
Kraken-owned Subsidy in the United Kingdom Gets FCA Approval
UK’s leading financial regulators have given their approval to Crypto Facilities, a wholly-owned subsidiary of prominent crypto exchange Kraken. Crypto Facilities has received an MLR license from the Financial Conduct Authority (FCA), indicating that it is now compatible with the UK’s anti-money laundering legislation, making it one of the select few crypto companies to have FCA approval. The approval is especially welcome for the Kraken exchange, as it would allow the company to offer crypto derivatives services in the country through its subsidiary. The FCA has tightened its grip on unregulated […]
FCA Chief Warns Crypto Investors That They May “Lose All Their Money”
The chief of the Financial Conduct Authority (FCA) had some harsh words for the crypto business in a speech in London yesterday. During a speech in London yesterday, Nikil Rathi, CEO of the Financial Conduct Authority (FCA), reaffirmed the regulator’s hard stance on cryptocurrencies. “As you will all know, we have warned repeatedly investors in […]