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UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK

[Sep 16 2:00 PM] UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.

Web3 Innovator: UK Crypto Community Sees Brighter Future Under Labour Government

[Sep 15 3:30 AM] The UK’s crypto community has a reason for optimism with the new Labour government, according to Harry Horsfall. Backed by a large parliamentary majority, the Labour government is seen as potentially more decisive in pushing policies…

FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

[Sep 11 12:30 AM] The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is…

Owner of unlicensed UK crypto ATM network faces criminal charges

[Sep 10 4:29 PM] The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.

UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs

[Sep 10 12:42 PM] Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed british pounds 2.6 million ($3.4 million) in crypto transactions across various locations.

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

[Sep 9 1:30 AM] The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA…

87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls

[Sep 6 2:12 AM] Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence.

Nexo Reopens UK Registrations With Enhanced User Protections

[Sep 5 8:30 PM] Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with…

UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval

[Sep 5 3:55 PM] The FCA approved only four of the 35 applications it received in the year ended March 31.

Crypto platform resumes UK registrations after 10-month FCA compliance pause

[Sep 3 11:04 AM] The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA's guidelines oriented towards investor protection.

UK’s FCA provides more guidance on crypto promotion compliance

[Aug 7 7:30 PM] The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October.

UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October

[Aug 7 2:11 PM] The FCA's actions have led to the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator's director of consumer investments, said in an interview.

UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

[Jul 25 6:30 PM] The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the…

Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls

[Jul 25 5:40 AM] Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.

U.K.'s Next Government Must Act Fast to Regulate (and Retain) Crypto Firms

[Jun 27 10:26 AM] The likely victorious Labour party has taken no stance on digital assets. This needs to change quickly, writes Laura Navaratnam of the Crypto Council for Innovation.

FCA busts suspects in $1.2B illegal crypto asset business

[Jun 21 2:44 AM] FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agency’s efforts to combat financial crime.

UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust

[Jun 20 8:36 PM] The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed…

UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business

[Jun 20 6:14 AM] The two suspects were interviewed under caution by the FCA and then released on bail.

UK crypto industry publishes Travel Rule navigation guide

[Jun 6 4:56 AM] The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company.

UK Approves First Physically Backed Bitcoin and Ethereum ETPs for Listing on London Stock Exchange

[May 24 3:37 PM] The Financial Conduct Authority (FCA), the UK’s top financial regulator, has approved physically backed bitcoin and ethereum exchange-traded products (ETPs) for listing on the London Stock Exchange for the first time. “FCA approval in…

BoE regulatory 'culture shift' could open door to new tech

[May 22 6:20 AM] The Bank of England's proactive regulatory shift aims to integrate emerging technologies, highlighted by the introduction of the Digital Securities Sandbox.

Bitcoin ETPs Get Approval to List on the London Stock Exchange

[May 22 5:40 AM] The UK's Financial Conduct Authority (FCA) has approved asset manager WisdomTree to list Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE). BREAKING: Financial Conduct Authority has approved #Bitcoin ETPs toâ

London Stock Exchange Set to List Crypto ETPs for First Time

[May 22 4:09 AM] WisdomTree's Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) are expected to list on the LSE to professional investors on May 28

UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records

[May 19 3:34 AM] The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer…

FCA crypto regulators will take the best from TradFi and DeFi, says exec

[May 8 6:44 AM] The United Kingdom’s FCA has been combining different approaches to regulating the crypto market to see which one would work best.

Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report

[May 1 4:49 AM] Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed.

Protecting Crypto Users Is More Important Than Faster UK Registration: FCA Executive

[Apr 18 9:00 AM] Members of the industry have complained that the regulator takes too long to approve crypto applications.

UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT

[Apr 3 8:42 AM] The DSS will last five years and could lead to a new regulatory regime for securities settlement.

UK Ad Rules Apply to Influencers, Crypto Memes, Regulator Confirms in New Guidance

[Mar 27 10:05 AM] "The use of memes in promotions is particularly prevalent in the crypto-asset sector," the FCA's guidance said.

UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year

[Mar 19 4:31 AM] The U.K. has been refining it approach to regulating the crypto sector.