Financial Conduct Authority Archives

UK digital asset regulation: Gambling or finance?

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17 July, 2023

UK digital asset regulation: Gambling or finance?

Proposals to integrate digital assets into U.K. financial regulation were briefly plunged into doubt by the Treasury Select Committee in...

FCA shuts down 26 digital currency ATMs illegally operating in UK

Business

Wahid Pessarlay

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15 July, 2023

FCA shuts down 26 digital currency ATMs illegally operating in UK

Steve Smart, FCA's executive director of enforcement and market oversight, noted that users' funds in digital currency ATMs "will not...

UK: Bulk of digital currency firm license applications rejected by FCA

Business

Gavin Lucas

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12 July, 2023

UK: Bulk of digital currency firm license applications rejected by FCA

The financial regulator argues that its AML/CFT laws on "crypto assets" would help bring extra credibility to the U.K., a...

UK’s financial watchdog clamps down on digital currency promotion with new regulations

Business

Wahid Pessarlay

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8 July, 2023

UK’s financial watchdog clamps down on digital currency promotion with new regulations

VASPs in the U.K. have until October 8 to comply with the new rules laid out by the FCA, which...

Business

James Field

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6 July, 2023

UK financial regulator warns unregistered firms to prepare for incoming digital asset promotion rules

The Financial Conduct Authority wrote to unregistered firms marketing digital assets to U.K. customers, warning them to comply with the...

UK passes bill recognizing digital assets as regulated financial activity

Business

James Field

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3 July, 2023

UK passes bill recognizing digital assets as regulated financial activity

The FSMB bill passing extends the banking rules of the FSMA 2000 to stablecoins and digital assets, meaning digital assets...

Business

Wahid Pessarlay

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17 June, 2023

Bitstamp meets steep requirements to register with UK’s financial regulator

The new Bitstamp registration brings the total number of licensed firms by the Financial Conduct Authority to 42 as the...

FCA introduces stricter rules for digital currency promotions

Business

James Field

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9 June, 2023

FCA introduces stricter rules for digital currency promotions

Under the new digital currency promotion rules, any promotion of digital currency products or services will need to attach a...

FCA continues to crack down on unregistered digital currency ATMS in UK

Business

Wahid Pessarlay

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14 May, 2023

FCA continues to crack down on unregistered digital currency ATMS in UK

The regulator conducted a joint operation with United Kingdom’s local police departments in Exeter, Nottingham, and Sheffield, where it uncovered...

UK financial watchdog calls for collaboration with digital currency firms

Business

Wahid Pessarlay

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28 April, 2023

UK financial watchdog calls for collaboration with digital currency firms

Sarah Pritchard, executive director at the Financial Conduct Authority, described the growing industry as "unchartered territory" for industry participants, making...

UK ups ante on illegal financial promotion, partners with ‘Love Island’ star

Business

Wahid Pessarlay

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12 April, 2023

UK ups ante on illegal financial promotion, partners with ‘Love Island’ star

While the checklist guides influencers in properly promoting digital currencies, regulators in the United Kingdom say they remain adamant about...

UK financial regulator mulls improving tokenization, asset management

Business

Wahid Pessarlay

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22 March, 2023

UK financial regulator mulls improving tokenization, asset management

The Financial Conduct Authority wants to improve the country's asset management through tokenization, highlighting its benefits, including eliminating third-party participants...

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