News list for " Finance Bank"

UK's FCA warns Pump.fun of providing financial services or products without a licence

"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.

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2024-12-07 00:11:23
South Africa's FSCA has yet to reinstate the South African exchange's Banxso license

The South African Financial Conduct Authority (FSCA) has announced that, although the West Gap Branch High Court has revoked the funds preservation order against the South African exchange Banxso (Pty) Ltd, Banxso's Financial Services Provider (FSP) license is still revoked, and the company cannot conduct financial services business, and its funds can only be used to relocate customers to other financial services providers authorized by the FSCA. The Banxso-related case is tentatively scheduled ...

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2024-11-12 16:01:44
UK Financial Conduct Authority: 87% of crypto company registration applications fail to meet approval standards

The U.K. Financial Conduct Authority said more than 87 percent of crypto company registrations received in 2023-24 did not meet approval criteria. The UK's Financial Conduct Authority (FCA) said in its annual report that only four out of 35 applications received in the 12 months to March 31 were successful in qualifying. Companies that have successfully registered include Binance's payments partner, BNXA (PayPal's UK subsidiary), and Nomura's cryptocurrency custody joint venture, Komainu. The re...

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2024-09-06 00:03:30