Fca

• 

  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...

• 

  Use Of AI In Finance Could Trigger Rise In Fraud: UK 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.

• 

  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.

• 

  Britain to Set 'Robust' Standards With First Regulations for Crypto Assets, Minister Says

  Britain will introduce "robust" regulations to govern the crypto sector and crypto assets, according to Financial Services Minister Andrew Griffith. The new rules come after rising interest rates led to a string of bankruptcies in the sector in 2022, while the price of Bitcoin plunged by 60 percent.

• 

  Binance UK Subsidiary Shareholder Claims Exchange Filed 'Grossly Inaccurate' Statements in 2020

  The co-owner of Dimplex, a Binance UK subsidiary, has accused the biggest cryptocurrency exchange in the world of releasing a "grossly misleading" annual report in 2020.

• 

  UK Watchdog Dismisses Criticisms On Crypto Licenses And Rejections

  Crypto firms were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the FCA said.

• 

  Crypto.com Lands Digital Asset Service Provider (DASP) License in France

  Singapore-based cryptocurrency platform Crypto.com has just received permission to operate in France, following approval in the UK and Italy. Crypto.com has been registered as a Digital Asset Service Provider (DASP) in France by the Autorité des Marchés Financiers (AMF), according to an announcement on the company’s website.

• 

  FTX Crypto Exchange 'Unauthorised', UK's Financial Watchdog FCA Warns Citizens: Details

  The UK Financial Conduct Authority (FCA) has stated that crypto exchange FTX operates within the country without authorisation. The financial watchdog has taken a hard stance against crypto and fintech companies operating without authorisation, requiring all companies offering financial services to register with the regulator.

• 

  Crypto.com Scores Functional License in UK to Provide ‘Certain Crypto Asset Services’

  Singapore-headquartered crypto exchange Crypto.com has bagged a license to provide certain crypto-related services in the UK. The approval has been granted by UK’s Financial Conduct Authority (FCA), that oversees the expansion of the crypto and Web3 sector in the UK.

• 

  UK Treasury Invites Public Evidences Around Crypto-Related Risks, Opportunities

  The UK authorities have opened a probe to explore ways to balance the impact of the crypto industry with regards to the existing operations of UK’s Financial Conduct Authority (FCA) and the Bank of England (BoE). UK residents can share their opinions on how regulators can make tax rules and financial amendments to its existing systems that fetch ...

• 

  Stellantis Unit Pleads Guilty, Will Pay $300M In U.S. Diesel Probe

  The guilty plea represents the final significant action U.S. officials are expected to take against FCA in the emissions fraud matter.