FCA

The UK finance ministry has stated that it will begin regulating cryptocurrency starting from October 2027, according to a report published Monday. Crypto To Get Regularity Clarity In UK? The forthcoming law, slated to be presented in parliament later on Monday, is expected to extend existing...

Chrysler parent Stellantis NV (NYSE:STLA) is recalling 15,835 units of Fiat 124 Spider vehicles due to concerns of improper airbag deployment, U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) said on Wednesday. What Happened: The recall population involves model...

The Financial Conduct Authority (FCA) and the Metropolitan Police Service in the United Kingdom have arrested two individuals suspected of running an unregistered crypto asset exchange worth over 1 billion British Pounds ($1.2 billion). What Happened: The operation highlights the FCA’s...

Coinbase Inc. (NASDAQ: COIN) UK CEO Daniel Seifert on Thursday dubbed Bitcoin (CRYPTO: BTC) as a viable alternative in countries that are grappling with financial challenges. In an interview with Benzinga, Seifert pointed to several catalysts fueling Bitcoin's meteoric rise to a new...

The FCA concluded its comment period for Policy Statement for the framework for UK consolidated tape (CT) on the 9th of February 2024. We think there will need to be “give and take” in the short term to get the CT up-and-running the soonest and will need to remain flexible for right-...

Financial regulators are scrutinizing stablecoins tied to the British pound, citing concerns about their potential impact on the stability of the financial system. Authorities outlined their approach to managing risks associated with these digital assets, which would fall under the oversight of...

Since the U.K. introduced new promotional regulations for crypto assets on Oct. 8, there have already been 221 breaches by various crypto firms. That's according to the Financial Conduct Authority (FCA). Regulators intended for the new legislation to provide consumers with accurate...

In light of recent developments with the UK Financial Promotions Regime for qualifying crypto assets, Binance on Monday announced a temporary halt on accepting new users from the UK. The regulations, which are effective from Oct. 8, stipulate that overseas firms such as Binance could promote...

The UK's Financial Conduct Authority (FCA) has imposed limitations on the peer-to-peer lending platform, Rebuildingsociety, the same platform that had collaborated with crypto exchange Binance (CRYPTO: BNB) to adhere to the FCA's advertising standards. The FCA on Oct. 10 released...

The U.K. Financial Conduct Authority (FCA) has intensified its scrutiny on the cryptocurrency sector. Exchanges including Huobi and KuCoin, among several others, have been highlighted for offering their services to U.K. residents without the necessary regulatory permissions, Bloomberg reported. As...

Digital asset custody service provider Komainu secured approval on Friday from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider. The FCA's new promotions rules came into effect over the weekend, reported CoinDesk. The rules require firms to be...

Recent market activity has pushed PayPal's stock downwards, now hovering around the August 2017 level at $58, dangerously close to the crucial $50 psychological support. Adding to investor apprehensions, PayPal, in cooperation with The Financial Conduct Authority (FCA), has paused...

The UK's Financial Conduct Authority (FCA) has unveiled its stringent vetting results for crypto asset businesses, revealing a mere 13% approval rate. This data, stemming from the introduction of the 5th Anti-Money Laundering Directive (5MLD) in January 2020, highlights the challenges faced by...

The U.K. Financial Conduct Authority (FCA) has extended its crackdown on unregistered crypto businesses in the country. What Happened: In a joint operation with the Metropolitan Police, the FCA inspected several sites in East London suspected of operating illegal cryptocurrency ATMs. The FCA's...

The UK Financial Conduct Authority (FCA) conducted a series of intelligence-gathering operations with West Yorkshire Police's Digital Intelligence and Investigation Unit to uncover unregistered cryptocurrency ATMs operating illegally in the U.K. These machines allow customers to...