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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.
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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).
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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...
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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.
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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.
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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...
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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.
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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.
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FTX May Be Operating In UK Without Authorisation: Britain Financial Watchdog
Britain's Financial Conduct Authority said on Friday cryptocurrency exchange FTX may be offering financial services or products in the UK without its authorisation.
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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.
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Global Crypto Rules Needed To "Keep Markets Clean": UK Watchdog
Global rules are needed to regulate international crypto firms like Binance and "keep markets clean", Britain's Financial Conduct Authority said on Thursday.
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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 ...
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UK FCA Updates Temporary Registration List to Allow Only 5 Crypto Companies to Operate With a Full Licence
Just five crypto companies remain on the UK's Financial Conduct Authority's (FCA) temporary registration (TRR) list, meaning they'll still be able to trade while their applications are being considered by the financial services regulator.
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UK Advertising Watchdog Issues ‘Red Alert’ Notice to Over 50 Crypto Firms
Coinbase, eToro, Luno, and Crypto.com are among over 50 crypto-related firms that have received red alerts from UK’s advertising watchdog. The ASA has asked all these companies to include clarity on the high-risk element of crypto assets, that are unregulated in the UK.
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UK’s Financial Watchdog Orders Crypto ATMs to Shut Services, Reveals None Have Official Permits
Crypto ATM machines in the UK are operating illegally, its economic regulator, the Financial Conduct Authority (FCA) has clearly stated. Out of all the crypto-related companies operating in the UK, none have been permitted to offer crypto ATM services.
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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.
-
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.
-
FTX May Be Operating In UK Without Authorisation: Britain Financial Watchdog
Britain's Financial Conduct Authority said on Friday cryptocurrency exchange FTX may be offering financial services or products in the UK without its authorisation.
-
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.
-
Global Crypto Rules Needed To "Keep Markets Clean": UK Watchdog
Global rules are needed to regulate international crypto firms like Binance and "keep markets clean", Britain's Financial Conduct Authority said on Thursday.
-
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 ...
-
UK FCA Updates Temporary Registration List to Allow Only 5 Crypto Companies to Operate With a Full Licence
Just five crypto companies remain on the UK's Financial Conduct Authority's (FCA) temporary registration (TRR) list, meaning they'll still be able to trade while their applications are being considered by the financial services regulator.
-
UK Advertising Watchdog Issues ‘Red Alert’ Notice to Over 50 Crypto Firms
Coinbase, eToro, Luno, and Crypto.com are among over 50 crypto-related firms that have received red alerts from UK’s advertising watchdog. The ASA has asked all these companies to include clarity on the high-risk element of crypto assets, that are unregulated in the UK.
-
UK’s Financial Watchdog Orders Crypto ATMs to Shut Services, Reveals None Have Official Permits
Crypto ATM machines in the UK are operating illegally, its economic regulator, the Financial Conduct Authority (FCA) has clearly stated. Out of all the crypto-related companies operating in the UK, none have been permitted to offer crypto ATM services.
