Galaxy Digital Holdings Ltd. has received regulatory approval from the UK’s Financial Conduct Authority (FCA), granting its UK subsidiary, Galaxy Digital UK Ltd., a license to conduct derivatives trading from its London office. The approval marks a significant milestone in Galaxy’s global expansion, reinforcing its commitment to operating within strict ...
The UK's Financial Conduct Authority (FCA) has raised concerns over the growing number of young investors under 35 turning to cryptocurrencies as their first financial investment. FCA Chief Executive Nikhil Rathi warned that these assets are highly risky, with the potential for total financial loss. Speaking to MPs, Rathi noted ...
ATIL Mining has launched a free Bitcoin cloud mining platform regulated by the UK Financial Conduct Authority (FCA) to make cryptocurrency mining more accessible and secure. Since 2018, the platform has allowed users to mine digital assets without investing in expensive hardware or complex technical setups. Through ATIL Mining’s cloud ...
Leading figures in the cryptocurrency industry have strongly criticized the UK's Financial Conduct Authority (FCA) over its continued ban on crypto derivatives, arguing that the policy is doing more harm than good for retail investors. According to a Financial News report, Joshua Barraclough, CEO of crypto exchange One Trading and ...
Bitpanda has secured regulatory approval from the UK’s Financial Conduct Authority (FCA), allowing it to expand its services in the country. In a February 12 blog post, the Austrian cryptocurrency exchange confirmed that it is now authorized to offer over 500 cryptocurrencies to UK investors. The also approval enables it ...
Coinbase has registered with the U.K.'s Financial Conduct Authority (FCA), allowing its U.K. arm, CB Payments Ltd., to offer cryptocurrency services directly. The firm is listed under a specific reference number on the FCA's register. Previously, Coinbase operated in the U.K. through CB Payments Ltd., which was not authorized to ...
The UK’s Financial Conduct Authority (FCA) has announced plans to tighten restrictions on the crypto industry, including a proposed ban on public crypto offerings from non-regulated entities. The announcement, outlined in a discussion paper published on December 16, is part of the FCA’s ongoing efforts to enhance oversight and build ...
Awareness of cryptocurrency in the UK is growing, with recent data showing an increase from 91% to 93%, according to a report from the Financial Conduct Authority (FCA). The average value of crypto held by individuals also grew from £1,595 to £1,842. Notably, the most common source of information for ...
The UK's Financial Conduct Authority (FCA) has justified its stringent stance on registering cryptocurrency firms, emphasising that high standards are crucial for fostering a sustainable and reliable digital asset industry. In a statement issued today, Monday, October 21, Val Smith, Head of Payments and Digital Assets in the FCA's authorizations ...
The U.K.'s Financial Conduct Authority (FCA) has evaluated cryptocurrency firms' compliance with the new financial promotion regulations introduced in October 2023 to enhance consumer awareness of crypto investment risks. During the evaluation, the FCA examined how companies implemented personalized risk warnings, the mandatory 24-hour cooling-off period, client categorization, and appropriateness ...
