News with the tag "Financial Conduct Authority"

According to Bloomberg , Copper Technologies, a leading cryptocurrency custody provider supported by Barclays investment, has withdrawn its application for a crypto license in the United Kingdom. Copper Withdraws UK Crypto License Application Amid Challenges The decision follows increased scrutiny f...

The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September 2024.

The UK Financial Conduct Authority (FCA) has released a discussion paper outlining several proposals and inviting public feedback on crypto regulations in the country. Notably, one proposal seeks to ban public crypto offers from non-regulated entities. Cryptocurrency Public Offers Draw The FCA’s Att...

If the Financial Conduct Authority (FCA) is the gateway for crypto firms to operate in the U.K., then Matthew Long holds the key. As the FCA's director of payments and digital assets, Long has overseen a strict regime that requires firms to follow anti-money laundering rules, resulting in only four ...

On Tuesday, UK’s top financial regulator – Financial Conduct Authority (FCA) – that it would finalize crypto regulations rules by 2026. The announcement comes as the Keir Starmer government seeks to catch up with global regulatory developments in the crypto space. Furthermore, the victory of Donald ...

Bitget’s app relaunch in the UK comes a few months after the exchange restricted its website in the UK in accordance with the Financial Promotions regime in May 2024.

The FCA has defended its rigorous crypto regulations, countering claims that its high standards stifle innovation and hinder the UK’s global financial leadership.

A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal ...

Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK...

Telegram users in the United States are also restricted from using the platform's in-app wallet due to financial regulations.