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Bank of England Plans to Match US Pace on Stablecoin Regulation: Report
The Bank of England has pledged to introduce its stablecoin regulatory framework at the same pace as the United States. Deputy Governor Sarah Breeden said the plan aims to balance innovation and consumer protection. At the same time, the Financial Conduct Authority has ended its four-year ban on crypto ETNs, marking another major step in the UK’s...
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UK FCA Cracks Down on Crypto Firms, Hundreds of Exchanges Receive Warnings
The UK’s Financial Conduct Authority (FCA) has issued hundreds of warnings to unregistered crypto exchanges, including HTX, as part of a sweeping crackdown on firms breaching financial regulations. The regulator also initiated legal action against HTX for unlawful promotion of crypto services. The move highlights the UK’s intensified efforts to...
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UK Ends Four-Year Ban on Crypto ETNs as FCA Expands Retail Access
The UK’s Financial Conduct Authority has lifted its four-year ban on crypto exchange-traded notes (ETNs), enabling retail investors to gain exposure to cryptocurrencies without directly holding them. The move follows years of market development and positions the UK alongside other jurisdictions adopting regulated crypto products. Analysts expect ...
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Barclays Fined $56 Million Over Poor Handling Of Crime Risks
Britain's financial watchdog on Wednesday said it had fined Barclays bank $56 million for "poor handling of financial crime risks".
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Austria’s BitPanda Secures FCA Approval in UK, Plans to Offer ‘Set-and-Forget' Savings Strategy
On Wednesday, February 12, BitPanda announced that the UK’s Financial Conduct Authority (FCA) has approved its registration to offer crypto-related services to British investors. According to FCA records, the exchange has also established an office in London to oversee its UK operations.
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Google to Update Its Crypto Ads Policy in the UK Starting January 15: All Details
Starting January 15, all cryptocurrency platforms wishing to advertise on Google must demonstrate that they hold a registration license from the UK’s Financial Conduct Authority (FCA). This measure ensures Google’s compliance with the UK’s regulations governing the marketing of cryptocurrency products.
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UK to Finalise Crypto Legislation by 2026, FCA Outlines Regulations Roadmap
The UK's Financial Conduct Authority (FCA) has set a deadline of 2026 to finalise its crypto legislation. So far this year, the FCA has participated in several roundtable discussions to gather insights from investors and regulators on the necessary regulatory framework for crypto.
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
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Mastercard, 1inch Partner to Launch New Crypto Debit Card: All You Need to Know
DeFi firm 1inch has collaborated with cards payment giant Mastercard to launch a new crypto debit card. The card has been developed by Baanx, who is a cryptocurrency payments specialist authorised by the UK's Financial Conduct Authority (FCA).
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Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was a...
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UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
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UK Unveils Tougher Rules for Crypto Sector, Will Curb Advertising With 'Cooling Off' Periods, Risk Warnings
British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to p...
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UK Police Crack Down on Crypto ATMs, Regulators Deny Granting Approvals
The Financial Conduct Authority (FCA) of the UK has directed the law enforcement agencies there to spot crypto ATMs and disable them with immediate effect. The FCA claims that no crypto ATM installer has, so far, reached out for permissions and hence their operations in the UK are completely illegal.
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Coinbase Under German Scanner, Asked to Disclose Details on Business Practices
The Federal Financial Supervisory Authority of Germany (BaFIN) has issued an order asking Coinbase to provide details on the business practices of its local arm. BaFin has raised an issue against Coinbase’s Germany arm outsourcing parts of its operations as ‘essential’ for conducting banking business. As per the German regulations, its local ...
-
Bank of England Plans to Match US Pace on Stablecoin Regulation: Report
The Bank of England has pledged to introduce its stablecoin regulatory framework at the same pace as the United States. Deputy Governor Sarah Breeden said the plan aims to balance innovation and consumer protection. At the same time, the Financial Conduct Authority has ended its four-year ban on crypto ETNs, marking another major step in the UK’s...
-
UK FCA Cracks Down on Crypto Firms, Hundreds of Exchanges Receive Warnings
The UK’s Financial Conduct Authority (FCA) has issued hundreds of warnings to unregistered crypto exchanges, including HTX, as part of a sweeping crackdown on firms breaching financial regulations. The regulator also initiated legal action against HTX for unlawful promotion of crypto services. The move highlights the UK’s intensified efforts to...
-
UK Ends Four-Year Ban on Crypto ETNs as FCA Expands Retail Access
The UK’s Financial Conduct Authority has lifted its four-year ban on crypto exchange-traded notes (ETNs), enabling retail investors to gain exposure to cryptocurrencies without directly holding them. The move follows years of market development and positions the UK alongside other jurisdictions adopting regulated crypto products. Analysts expect ...
-
Barclays Fined $56 Million Over Poor Handling Of Crime Risks
Britain's financial watchdog on Wednesday said it had fined Barclays bank $56 million for "poor handling of financial crime risks".
-
Austria’s BitPanda Secures FCA Approval in UK, Plans to Offer ‘Set-and-Forget' Savings Strategy
On Wednesday, February 12, BitPanda announced that the UK’s Financial Conduct Authority (FCA) has approved its registration to offer crypto-related services to British investors. According to FCA records, the exchange has also established an office in London to oversee its UK operations.
-
Google to Update Its Crypto Ads Policy in the UK Starting January 15: All Details
Starting January 15, all cryptocurrency platforms wishing to advertise on Google must demonstrate that they hold a registration license from the UK’s Financial Conduct Authority (FCA). This measure ensures Google’s compliance with the UK’s regulations governing the marketing of cryptocurrency products.
-
UK to Finalise Crypto Legislation by 2026, FCA Outlines Regulations Roadmap
The UK's Financial Conduct Authority (FCA) has set a deadline of 2026 to finalise its crypto legislation. So far this year, the FCA has participated in several roundtable discussions to gather insights from investors and regulators on the necessary regulatory framework for crypto.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
-
Mastercard, 1inch Partner to Launch New Crypto Debit Card: All You Need to Know
DeFi firm 1inch has collaborated with cards payment giant Mastercard to launch a new crypto debit card. The card has been developed by Baanx, who is a cryptocurrency payments specialist authorised by the UK's Financial Conduct Authority (FCA).
-
Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was a...
-
UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
-
UK Unveils Tougher Rules for Crypto Sector, Will Curb Advertising With 'Cooling Off' Periods, Risk Warnings
British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to p...
-
UK Police Crack Down on Crypto ATMs, Regulators Deny Granting Approvals
The Financial Conduct Authority (FCA) of the UK has directed the law enforcement agencies there to spot crypto ATMs and disable them with immediate effect. The FCA claims that no crypto ATM installer has, so far, reached out for permissions and hence their operations in the UK are completely illegal.
-
Coinbase Under German Scanner, Asked to Disclose Details on Business Practices
The Federal Financial Supervisory Authority of Germany (BaFIN) has issued an order asking Coinbase to provide details on the business practices of its local arm. BaFin has raised an issue against Coinbase’s Germany arm outsourcing parts of its operations as ‘essential’ for conducting banking business. As per the German regulations, its local ...
