Source: Adobe Stock The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission. On October 27, the FCA in the UK issued a public warning regarding Bitfinex, expressing concerns that Bitfinex may be offering financial services…
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Binance’s UK chief Jonathan Farnell who is also the CEO of a subsidiary Bifinity, has resigned from the company, adding to a slew of executive departures in recent times. His departure comes a week after the world’s largest crypto exchange announced suspending new customer registrations in the UK, following a crackdown on crypto promotions from…
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Digital assets exchange Bybit, which cited early this month that new marketing rules in the UK would hinder its operations, will no longer accept new account applications from UK residents, starting October 1. The new rules, announced by the UK’s Financial Conduct Authority (FCA), apply to all crypto promotions including the ban on incentives like…
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The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning to all crypto asset firms operating in the country, reminding them to ensure marketing compliance by the October deadline. According to a letter dated July 4, the FCA has stated that starting from October 8, crypto companies marketing to users in the UK must be in compliance with…
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The UK’s Financial Conduct Authority (FCA) has approved Bitstamp and Interactive Brokers’ application to join the financial regulator’s registry of crypto asset service providers. The two entities mark the first businesses added to the UK cryptocurrency register in six months. With up to 42 recognized businesses registered to date, the FCA’s registration requires crypto companies…
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UK authorities have raided several properties around Leeds suspected of hosting illegally operated cryptocurrency automatic teller machines (ATMs). The UK’s Financial Conduct Authority (FCA), as well as West Yorkshire Police’s Digital Intelligence Unit, were involved in the raids, which are believed to be part of the UK’s first crackdown on illegal crypto ATMs, according to…
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Santander UK, the UK unit of banking giant Banco Santander, has placed restrictions on crypto transactions for its customers, including a £1,000 limit on individual transactions with crypto exchanges and a £3,000 limit on total monthly transactions. In a note to customers on Thursday, the bank said that it will limit the amount customers can send when…
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The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force. On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020…
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