News list for " fca"
The UK's Financial Conduct Authority (FCA) opened the Digital Securities Sandbox (DSS) for applications at the end of September, relaxing certain rules for DLT market infrastructure. The two entities currently announcing preliminary approval are (expected) Central Securities Depository (CSD) Montis (owned by Archax) and ClearToken, which plans to operate as a central clearing house for crypto and tokenized assets. ClearToken is backed by companies such as Laser Digital, a unit of Nomura Securiti...
"The company may offer or promote financial services or products without our permission," the Financial Conduct Authority warned Pump.fun, according to its website. "You should avoid dealing with the company and be alert to fraud." Previously, the Pump.fun banned UK users from using the platform due to local laws and regulations.
The UK financial regulator, the FCA, plans to implement a cryptocurrency regime by 2026 in response to the growing ownership of cryptocurrencies in the country. The roadmap released by the FCA shows that the agency plans to publish a discussion paper on market abuse and disclosure by the end of this year and intends to publish a paper on stablecoins, trading platforms, staking, prudent cryptocurrency risk exposure and lending by early next year. The system is scheduled to take effect after the f...
According to market news, the CEO of the UK's Financial Conduct Authority (FCA) said that the FCA is experimenting with the use of artificial intelligence to process some applications, and one day artificial intelligence will be able to rule on some applications.
The UK's Financial Conduct Authority (FCA) has defended its approach to regulating the crypto industry, responding to criticism that its measures are "too harsh" and threaten to stifle innovation. Val Smith, head of payments and digital assets at the FCA's authorised division, stressed the importance of maintaining strict standards to protect consumers and preserve the integrity of financial marekts in an article published on its website on October 21. "Loosening our standards and triggering a r...
According to people familiar with the matter, the UK's Financial Conduct Authority (FCA) investigation into crypto payments firm BCB Group has been concluded, and the outcome has been favorable for the company. The FCA issued an s166 notice to BCB last year, and BCB is in constructive discussions with the regulator to expand the scope of its license. In addition, Natasha Powell, BCB's former chief compliance officer, has resigned and will join crypto exchange Kraken in November to continue as a ...
The UK's Financial Conduct Authority (FCA) announced on September 10 that it has charged Olumide Osunkoya, a 45-year-old London resident, for illegally operating multiple cryptocurrency ATMs that were not registered with the regulator. The FCA disclosed that Osunkoya-operated ATMs processed £2.60 million worth of cryptocurrency transactions in multiple locations between December 2021 and September 2023. The FCA said Osunkoya had been a director of Gidiplus Ltd, whose registration application wa...
Cryptocurrency companies have withdrawn their applications due to the cumbersome and time-consuming regulatory process of the UK's Financial Conduct Authority (FCA). In the past three years, 186 companies have withdrawn their applications to register in the UK, reflecting dissatisfaction with the regulatory environment in the UK. According to Reed Smith data, from May 2023 to April 2024, the FCA received only 29 applications for registration, a significant decrease from the figures of the previo...
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