The UK’s Financial Conduct Authority (FCA) has issued guidance for banks on how to handle the risks associated with “crypto assets”, according to a letter posted on the FCA’s website June 11.
Per the statement issued by Executive Directors of Supervision Jonathan Davidson and Megan Butler, banks should apply a highly individual approach to clients dealing with crypto assets since “the risk associated with different business relationships in a single broad category can vary.” The statement continues: “Following a risk-based approach does not mean banks should approach all clients operating in these activities in the same way.
In the statement, the financial regulator also stressed the non-criminal motives for using cryptocurrencies, including funding “innovative technological development” and high-risk “speculative investments.” However, taking into account the globality and anonymity of crypto, the FCA suggested a couple of “high-risk” indicators, such as clients using a state-issued cryptocurrency and possessing large amounts of initial coin offering (ICO) tokens.
In April, the Central Bank of Kenya (CBK) issued a similar warning to the banks in the country, warning them against providing services to crypto dealers.
CBK Governor Patrick Njoroge said, “There are risks associated with cryptocurrency particularly on consumer protection, fraud, hacking and loss of data and they are prone to be used as pyramid scheme.”
Switzerland voted against the so-called “sovereign money” referendum Sunday, June 10 – a proposal for a financial system that multiple commentators have compared to cryptocurrency. Sovereign money is an initiative that would give the country’s central bank sole control over creating money, instead of continuing to allow commercial banks to “create” money for credit and
R3, startup, which planned to raise up to $200 million to develop blockchain-based financial solutions and unite many of the world's largest banks, could become unprofitable by 2019.
Solana's verified X account fired a shot on Jan. 14: “Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV[…] Send it straight to 0. ” The data used in the ‘sh*tpost' appears to trace back to an April 2024 snapshot, as the FDV figure was wrong.
Optimism announced a 12-month token buyback program on Jan. 8, allocating 50% of Superchain revenue to monthly OP token purchases starting in February. The buyback pressure is estimated at roughly $9.
Optimism announced a 12-month token buyback program on Jan. 8, allocating 50% of Superchain revenue to monthly OP token purchases starting in February. The buyback pressure is estimated at roughly $9.
Beijing's reported request for Chinese tech firms to halt orders of Nvidia's H200 chips arrives at a moment when Bitcoin has become uncomfortably tethered to AI equity sentiment. As The Information and Reuters reported on Jan.
More than 80% of the tokens launched this year are trading underwater, marking a definitive shift in the market's appetite for venture-backed cryptocurrency projects. Data from Memento Research showed that it tracked 118 major token generation events in 2025 and found that 100 of them, or 84.
For decades, wholesale dollar settlement has meant waiting for Fedwire to open, and JPMorgan just stopped waiting. The bank converted its permissioned “JPM Coin” system into JPMD, a deposit token backed by insured balances at JPMorgan, and placed it on Coinbase’s Ethereum layer-2 (L2) Base.
Coinbase’s new token pre-reserve platform reopens US retail participation in public token sales for the first time since regulators shut down the ICO boom in 2018. The mechanism looks familiar, with curated projects, fixed sale windows, and algorithmic allocation.
