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 ...
Xapo Bank has introduced a new financial product allowing its UK customers to earn daily interest on their Bitcoin deposits. The interest will be paid in Satoshis, the smallest unit of Bitcoin, with variable rates applicable to balances up to 5 BTC. The bank's new Bitcoin accounts reportedly offer 1% ...
Coinbase's U.K. subsidiary, C.B. Payments Limited (CBPL), has been fined £3.5 million by the Financial Conduct Authority (FCA) for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.” According to the FCA, despite a voluntary agreement with it to limit the onboarding of high-risk customers, ...
The U.K.'s top financial authority, the Financial Conduct Authority (FCA), has approved the country's first cryptocurrency exchange-traded products (ETPs) for listing on the London Stock Exchange (LSE). On May 22, WisdomTree announced that the FCA had given the green light for their Physical Bitcoin and Ethereum ETPs to be traded ...
