UK Crypto Firms Face New Travel Rule Requirements from FCA
The UK’s financial regulator has imposed new rules on crypto businesses to collect and verify information on digital asset transfers as part of its anti-money laundering and counter-terrorist financing efforts. The UK’s Financial Conduct Authority (FCA) has announced that the Travel Rule, a global standard for transparency in digital asset transfers, came into force on […]
The Financial Conduct Authority U.K brings a stop to all Binance’s operations in Britain
Also following the crackdown on all operations of Binance in Canada (Ontario), the U.K’s FCA has asked Binance to stop all services for British citizens. Along with British operations, the regulator is also cracking down on Binance’s Cayman Islands operations. Regulators all across the world have reacted to the new crypto-mania. The Financial Conduct Authority […]