UK National Crime Agency Sets up Unit to Combat Crypto Fraud
In an effort to stop virtual asset fraud, the National Crime Agency (NCA) of the UK is assembling a special squad to look into crypto crimes. An NCA job posting states that the organization seeks six candidates to form a new unit investigating cryptocurrency-related offenses. The working group will be a component of either the […]
UK Passes Economic Crime and Corporate Transparency Bill
Legislators in the UK have passed the Economic Crime and Corporate Transparency Bill legislation, allowing authorities to seize and hold Bitcoin and other cryptocurrencies used for illicit activities. According to official data on the U.K.’s Parliamentary Acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on October 26. This […]
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 […]
Binance, OKX to Comply With UK’s New Financial Promotions Rules
Major global cryptocurrency exchanges such as Binance and OKX have announced that they are striving to comply with the United Kingdom’s new financial promotion regulations. On October 8, the Financial Conduct Authority (FCA) of the United Kingdom enacted the country’s new Financial Promotions (FinProm) Regime for cryptocurrency firms to ensure equitable, clean, and transparent cryptocurrency […]
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 […]