Financial Conduct Authority Archives

Indirect regulation: The unexpected impact of UK financial promotion regime on the digital asset industry

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16 January, 2024

Indirect regulation: The unexpected impact of UK financial promotion regime on the digital asset industry

While the United Kingdom has good intentions in enforcing laws on the digital asset industry, the new financial promotions regime...

OKX implements new rules under FCA’s latest guidelines for UK users

Business

Wahid Pessarlay

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5 January, 2024

OKX implements new rules under FCA’s latest guidelines for UK users

In compliance with the FCA's new order, OKX will test its retail customers to determine their eligibility to hold an...

Revolut suspends digital currency services for UK, cites new FCA rules

Business

Steve Kaaru

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21 December, 2023

Revolut suspends digital currency services for UK, cites new FCA rules

Revolut has joined PayPal, Luno, and Bybit, which have suspended some of their digital currency services in the United Kingdom,...

UK’s FCA unable to regulate digital currency, national auditor says

Business

Steve Kaaru

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13 December, 2023

UK’s FCA unable to regulate digital currency, national auditor says

U.K.'s National Audit Office criticized the pace at which the Financial Conduct Authority responds to digital currency threats and risks,...

UK permits tokenization for investment funds

Business

Steve Kaaru

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2 December, 2023

UK permits tokenization for investment funds

A group set up by the U.K. Treasury proposed allowing licensed investment funds to tokenize assets on DLT if they...

FCA issues new guidance on how to comply with digital asset promotion rules

Business

Jordan Atkins

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7 November, 2023

FCA issues new guidance on how to comply with digital asset promotion rules

Under the new guidance, firms promoting digital asset products in the United Kingdom are mandated to provide ads that are...

Singapore central bank strikes partnership with foreign financial regulators for tokenization pilots

Business

Wahid Pessarlay

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6 November, 2023

Singapore central bank strikes partnership with foreign financial regulators for tokenization pilots

As part of Singapore's exploration of asset tokenization, the Monetary Authority of Singapore is teaming up with U.K. and Japan...

Business

Steve Kaaru

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5 November, 2023

PayPal receives digital asset green light in the UK

After pausing some digital asset services in August, PayPal has now joined 42 other companies registered by the FCA to...

Business

James Field

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30 October, 2023

Digital asset firms have already breached new UK promotion rules 221 times

The FCA identified three key issues that led to the breach: making claims about the safety of digital asset services,...

Binance’s terror ties grow, trading volume shrinks, US dollars disappear

Business

Steven Stradbrooke

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18 October, 2023

Binance’s terror ties grow, trading volume shrinks, US dollars disappear

Binance downplays reports of customer accounts linked to terror groups, but figures unveiled in a new report say otherwise, with...

UK: Snapchat warned over privacy risks with AI chatbot

Business

Wahid Pessarlay

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13 October, 2023

UK: Snapchat warned over privacy risks with AI chatbot

In response to the warning from the U.K. watchdog, Snapchat said that its AI offering was subjected to multiple legal...

New UK rules on digital asset promotions come into force this week

Business

Jordan Atkins

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10 October, 2023

New UK rules on digital asset promotions come into force this week

Under the new rules that came into force on October 8, it is a criminal offense for unlicensed digital asset...

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