Cryptocurrency exchange Binance has unveiled its plan to become a “fully licensed and fully compliant” exchange in order to serve users in the U.K. The crypto exchange is reportedly “making a number of very substantial changes” in the way it operates in order to comply with the country’s regulator, the Financial Conduct Authority (FCA). Binance…
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Britain’s crypto exchanges will be levied with a 2% tax which is likely to be passed on to investors warned CryptoUK. A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom. Crypto exchanges in the UK…
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A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out…
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Young investors assume the crypto market is regulated, new research by the Financial Conduct Authority reveals. Most young investors in the United Kingdom are entering the crypto market thanks to the hype on social media and news, but they are not aware that the market is not regulated, a new study published by the U.K.…
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The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions. Financial regulators in the U.K. have approved Digivault, the security token custody arm of digital assets group Diginex, to register as a custodian wallet provider. In an announcement from Diginex today, the firm said the Financial…
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The U.K.’s Financial Conduct Authority is accused of ignoring its own consultation and cherry-picking data. Last week’s blanket banning of cryptocurrency derivatives by the United Kingdom’s Financial Conduct Authority ignored 97% of respondents to its consultation, according to the FCA’s own policy statement. The 527 respondents included exchanges and companies involved in crypto assets and…
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ePayments is preparing to relaunch but there will be no crypto or peer-to-peer payments. The ePayments online money transfer platform is restarting services following a seven month suspension – and notably absent this time around is support for cryptocurrencies. ePayments is a global money transfer service that boasts over 1 million accounts and has issued…
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The U.K.’s financial regulator is launching its digital sandbox early to foster innovative firms developing solutions to the coronavirus outbreak. The United Kingdom Financial Conduct Authority (FCA) announced it will pilot a digital sandbox intended to foster innovation from firms developing solutions addressing the COVID-19 pandemic on May 4. While applications have not opened yet…
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A UK financial watchdog hastily retracted an official warning about Kraken after apparently confusing the exchange with scammers — but a similar warning about BitMEX remains active. A UK financial watchdog hastily retracted an official warning about Kraken after apparently confusing the exchange with online scammers — but a similar warning about BitMEX remains active.…
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Payment system ePayments has been halted by the FCA for about a week now, and all accounts remain suspended. Does crypto have anything to do with it? On Feb. 11, ePayments Systems Ltd, a United Kingdom-regulated electronic money institution, suspended all online payment activity at the request of the Financial Conduct Authority, the local regulator.…
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