UK’s Financial Conduct Authority (FCA) criticizes Kim Kardashian’s Crypto Ad
The FCA chairman has warned the public to steer clear of unregulated or uninsured speculative tokens, as adverts pertaining to these could be a “pump and dump” scheme in wait to rob investors of their money. The chairman of the Financial Conduct Authority in the United Kingdom, Charles Randall, has spoken out against Kim Kardashian’s […]
Regulating crypto could backfire says UK FCA chairman
Excessive regulation of the crypto sector, according to the chairman of the Financial Conduct Authority (FCA) in the United Kingdom, could backfire, especially in the case of some cryptocurrency tokens. Regulators must strengthen consumer protections for crypto token investors while also keeping in mind that excess could backfire, according to the chair of the Financial […]
The United Kingdom’s FCA says it is not capable of supervising Binance
According to a recent supervisory notice, the UK’s financial conduct authority believes that cryptocurrency exchange Binance is “not capable” of being successfully monitored by the agency. The Financial Conduct Authority (FCA) document was first reported by the Financial Times . The supervisory notice, issued June 25th, outlines the limits that the FCA intends to impose […]
Zodia Custody gets FCA approval
The Financial Conduct Authority (FCA) has approved Zodia Custody to provide commercial services in the UK, the platform can now deliver commercial services as a crypto asset business. Standard Chartered’s SC Ventures and Northern Trust, a leading asset servicing provider , have teamed up to create Zodia Custody. It meets the needs of institutional investors […]
Clear Junction cut ties with Binance over regulatory concerns
Binance’s regulatory issues seem to be getting worse by the day. this issue has caused one of their key payment partners in Europe, Clear junction to cut short their partnership. Due to the exchange’s protracted conflict with the UK’s top regulatory watchdog FCA , its primary European payment partner has discontinued links after regulatory warnings […]