FCA

A discussion paper from the Financial Conduct Authority lays out the British approach to regulating stablecoins tied to fiat currencies

After the FCA issued a warning to its partner firm, Rebuilding Society, Binance UK will stop accepting new UK customers

Binance told Blockworks it shared its agreement with Rebuildingsociety.com with the FCA on Oct. 2

UK FCA targets 146 crypto companies in new warning as it embraces new crypto promotional rules

As of last week, unregistered crypto firms must halt any illegal financial promotions targeted at UK consumers or face the consequences

The FCA expressed concerned that ‘unregistered, overseas’ crypto firms with UK customers haven’t responded to the regulator

Former FCA Chair Charles Randell said some of these firms are under US Department of Justice investigation, but didn’t name them

An FCA director said many foreign and unregulated crypto firms have not yet engaged with the new marketing rules

The proposal emphasizes a need for increased communication between regulators and crypto firms in order for the UK to establish itself as a “competitive location for sustainable finance”

Of more than 16,000 possible scams reported to the UK regulator between April and September 2021, about 3,000 were related to cryptocurrencies

The registered cryptoasset business designation will help fuel Genesis’ Custody business. BBVA’s now allows clients to purchase ether in addition to bitcoin in European Union countries, the UK, Japan, Canada, Turkey, Israel and Latin America — but US citizens are excluded