News with the tag "FCA UK"

A young British hacker has been sentenced to prison for orchestrating a large-scale phishing scam targeting Coinbase account holders. This case highlights not only the sophistication of cyber criminals but also the legal system’s growing resolve to address cryptocurrency-related crimes. British Hack...

The United Kingdom regulators have imposed a $4.5 million (£3.5 million) fine on Coinbase’s UK arm, CB Payments Limited (CBPL). The penalty concerns the breach of a voluntary agreement designed to prevent the onboarding of high-risk customers. The U.K.’s Financial Conduct Authority (FCA) announced t...

Today, July 15, the Payments Systems Regulator (PSR) and the Financial Conduct Authority (FCA) cracked down on the benefits and risks that ‘digital wallets’ bring to users. Primarily zeroing in on the impact of this rapidly growing tech on consumers and businesses, the regulators sought to gather ad...

Hester Peirce, alias Crypto Mom, is pushing for tokenization through unilateral sandbox activities. She says it would promote market transparency across the US and the UK. Peirce Wants Firms To Conduct Same Sandbox Activities Republican Commissioner at the US Securities and Exchange Commission, the ...

The United Kingdom’s (UK) Financial Conduct Authority (FCA) has set out its main focus areas for 2024 to 2025. The regulator seeks to develop its capacity to identify and prosecute market abuse cases. Moreover, it aims to create a market abuse regime that corresponds to crypto assets and related ser...

In a significant gust of developments witnessed across the U.K.’s cryptocurrency landscape, the FCA (Financial Conduct Authority) recently softened its clutch on cryptocurrency exchange-traded products, magnetizing a flurry of crypto ETF providers to the nation. However, there’s a catch, with the U....

Recent reports suggest that over the next six months, UK lawmakers will introduce new rules for crypto-staking services as well as governing stablecoins. Also, there’s growing pressure from the cabinet to submit a proposal before the next general elections. UK Pushing Hard for Crypto Staking Regulat...

The Bank of England and the Financial Conduct Authority have outlined a blueprint for integrating stablecoins into the UK’s financial ecosystem. This groundbreaking initiative marks a pivotal moment for digital currencies, promising to weave them securely into the nation’s monetary tapestry. Stablec...

The Bank of England, along with the FCA (Financial Conduct Authority), recently issued a statement planning to jack up the regulation of stablecoins that pose a significant threat to the financial system within the country. As of today, November 6, the FCA published a discussion paper containing not...

Marinade Finance, a leading decentralized finance protocol on the Solana (SOL) blockchain, has initiated a block on its UK-based users in response to evolving compliance challenges. This move mirrors concerns over the Financial Conduct Authority (FCA) regulations, compelling the platform to restrict...