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 […]
Survey shows 50% of Africans invest in crypto to fund their children’s education
According to a recent survey, the majority of cryptocurrency investors in Kenya, Nigeria, and South Africa joined the market with long-term aims in mind, such as ensuring the financial security of their families. Luno, a London-based firm, undertook a study of over 7,000 people from Nigeria, Kenya, South Africa, the United Kingdom, Australia , Indonesia, […]
The United Kingdom begins a digital marketing campaign about crypto risks
The commencement of an £11 million digital marketing campaign by the UK’s Financial Conducts Authority is aimed at warning younger crypto investors about the risks in the sector. The chief executive officer, Nikhil Rathi , gave a lecture at the ‘FCA’s Our Role and Business Plan webinar.’ He emphasized the FCA’s concerns about the growing […]