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 […]
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 […]