The gap between the traditional financial system and the crypto economy in the UK will close, DAG Global CEO Sean Kiernan believes.
“The UK is a major global financial hub and in recent years has become a fintech leader as well.
At the same time, it is starting to demonstrate significant potential to become a leader in blockchain technologies and the crypto economy,” he said, quoted by The Guardian.
Jersey Introduces Requirements for ICO Projects
The Financial regulator of Jersey, one of the Channel Islands, has taken measures to protect investors participating in Initial Coin Offerings (ICOs).
In a guidance note released this month, the Jersey Financial Services Commission (JFSC) provides basic definitions of cryptocurrencies, digital tokens, and token sales.
GSR has received a regulatory nod from the UK’s Financial Conduct Authority. The cypto trading firm also holds a crypto license from the Singapore Monetary Authority. GSR, a crypto trading firm and market maker, has received regulatory approval from Financial Conduct Authority (FCA), the financial markets regulator in the UK.
The Financial Conduct Authority, the UK’s financial watchdog, faces challenges in enforcing its rules on illegal crypto advertisements. Despite flagging 1,702 illegal cryptocurrency ads, websites, and apps between October 2023 and October 2024, only 54% were removed online, with nearly half still active and luring potential investors or unsuspecting victims, the Financial Times disclosed. Related […]
If you trade and invest in crypto, you’ll be well aware that it is somewhat unique in its place in the financial sector. Want proof? Consider the recent case of the Solana Saga Phone. The device, one of the first specialist web3 phones, was released last May.
While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian.
The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to act on.
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.
Only companies with Financial Conduct Authority permission will be allowed to approve promotional material, and crypto firms will be hit once the Financial Services and Markets Bill becomes law.
The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.
The lower house of the parliament voted in favor of adding crypto assets to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to extend payments rules to stablecoins.
The country's crypto self-regulatory body has received an “extremely stern warning” from financial regulators over delays in anti-money laundering rules and poor governance.
The country's crypto self-regulatory body has received an “extremely stern warning” from financial regulators over delays in anti-money laundering rules and poor governance.
In a recent interaction with the Financial Times, US Securities and Exchange Commission Chair Gary Gensler remarked that a unified approach by financial agencies can ensure that a fragmented regulatory framework doesn't provide loopholes for crypto players.
The European Central Bank warned in its latest Financial Stability Review that the growing adoption of crypto assets by banks and other financial institutions could affect the region’s financial stability.
The notion of crypto being a tool for money laundering is often propagated by naysayers that include policymakers with a stake in the traditional financial system.
The financial regulator tended to key in on the risks crypto presented for financial stability, said David Raw, the co-director of consumer and retail policy at the Financial Conduct Authority (FCA).
The financial situation for Banks that have their eye on crypto may have just taken a sharp turn, as the Swiss financial committee says banks should set aside money to protect investors from losses incurred in cryptocurrency holdings.
Polish Financial Supervision Authority (KNF), is now pondering on whether to regulate bitcoin (BTC) and other cryptocurrencies in the nation. The regulator is looking to formulae a uniform crypto regulatory framework that will govern crypto-linked businesses and is now seeking feedback from financial institutions and other stakeholders in ts cryptospace, according to reports on JulyRead MoreRead More.
Crypto exchange Kraken’s UK-based subsidiary – Crypto Facilities – has bagged the coveted Multilateral Trading Facility (MTF) license from the UK financial watchdog, the Financial Conduct Authority (FCA).
Office Of Financial Research Says Crypto Is Not A Threat To Financial Stability A new report claims that crypto is not a threat to the US financial system. However, it is worth watching due to the growing and evolving nature.
In the current financial system, banks misuse their monopoly over fiat to prevent the crypto industry from accessing the competitive and alternative financial system. Additionally, banks deny crypto businesses and miners the access to regular banking services such as loans, funds transfers, deposits and withdrawals, which essentially creates a barrier to conducting business using cryptocurrencies. […]
The virtual currency market continues to evolve rapidly and therefore needs vigilant monitoring, the Financial Stability Board has explained in its special crypto report.
Over the past 72 hours, the crypto market and major digital assets including bitcoin have recorded substantial gains against the U. S. dollar, with tokens rising by more than 50 percent, as financial markets struggled.
Cryptocurrency and blockchain technology have been slated as powerful tools capable of fueling a global financial revolution. There are myriad opportunities to invest in the crypto space, and yet, very few individuals have undertaken the steps necessary to invest.
The Bank of England has warned financial institutions in the country to limit their exposure to crypto assets. In a letter written by the bank’s deputy governor, the regulator cautioned firms against letting their guard down as the popularity of cryptos soars.
In a letter dated June 28, Sam Woods, deputy governor at the Bank of England who is also the CEO of the Prudential Regulation Authority (PRA), the UK’s financial watchdog, provided a reminder to financial firms of their “relevant obligations under PRA rules, and to communicate the PRA’s expectations regarding firms’ exposure to crypto-assets.
The Three Crypto Evils: Custody, Regulations, and Trading Big financial institutions’ interest in participating in the cryptocurrency market continues to grow. Nevertheless, several obstacles remain, impeding big investment institutions from pouring big money into the crypto market.
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has launched a “crypto asset regulatory framework,” as announced in a statement on Monday, June 25. It will apply to the country’s international financial center and free zone.
SBI Holdings chairman and SBI Group CEO Yoshitaka Kitao, who oversee the second largest financial institution in Japan behind Mitsubishi UFJ Financial Group, said that crypto and blockchain technology will accelerate the country’s economy in the long run.
A new post on the Ripple website discusses how Ripple plan to enter the Indian remittance economy. Ripple recognise just how large scale remittance payments are in India, given that according to Ripple, over the past few years, India has been the largest receiver of remittance payments, in 2017 alone, $69 Billion flowed into India through remittance services.
Instruments such as the Namoura Consortium might soon solve the issue of custody, the main obstacle that has been hindering the flow of institutional money into the crypto market. The Three Crypto Evils: Custody, Regulations, and Trading Big financial institutions’ interest in participating in the cryptocurrency market continues to grow.
MinexPay Announces MinexPay Debit Card MinexPay, a financial company from Ukraine that offers blockchains solutions, has recently announced the release of a new product, the MinexPay Debit Card, which is already ready for pre-orders on the company’s site.
According to the recent annoncement made by South Korea’s Financial Services Commission (FSC), the main financial agency of South Korea, the new anti-money-laundering and know-your-customer rules for crypto exchanges will come into force on July 10, 2018, and will be actual for one year.
The Ethereum cryptocurrency has attained a new level of financial value, ranking as the second highest cryptographic currency in the world, becoming one of the most widespread and commonly used tokens amongst the entire crypto-industry.
South Korea’s Financial Services Commission has revealed its new anti-money-laundering and know-your-customer rules for for crypto exchanges.
The post South Korea Further Advances Crypto Regulation appeared first on CoinSpeaker.
The Bank of England has warned U.K. lenders to study cryptocurrencies before doing business in the space. While acknowledging the benefits of the underlying distributed ledger, the deputy governor believes the high price volatility and relative illiquidity of cryptocurrencies are good enough reasons why financial institutions need to be careful when dealing with crypto assets.
This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.
A user created nearly 18,000 tokens via memecoin launchpad Pump. Fun, raking in almost $3. 8 million in profits from trades, according to Conor Grogan, head of product business operations at Coinbase.
Tether has minted its first batch of USDT stablecoins this year, adding $1 billion to the TRON blockchain. On Jan. 29, data from blockchain analytics firm Arkham Intelligence confirmed the transaction, showing that Tether paid no fees for the large-scale mint.
The official President Donald Trump memecoin called TRUMP launched on Jan. 17 and soared to a $72 billion market valuation within just two days. Backed by the Trump family, the crypto ignited significant public interest while simultaneously becoming a lucrative target for fraudsters.
World Liberty Financial (WLFI), the DeFi platform tied to President Donald Trump, has undertaken an aggressive push to diversify its crypto portfolio, spending more than $103 million on a mix of established and emerging digital assets.
Tokens recently listed on Binance are underperforming compared to the rest of the crypto market, suggesting that price discovery movements are happening on decentralized exchanges. At the same time, traders use centralized platforms to exit liquidity.
Terraform Labs co-founder Do Kwon is scheduled to be tried on Jan. 26, 2026, according to a status conference following his extradition to the US, Inner City Press reported on Jan. 8. The court has scheduled a pretrial conference for Mar.
The Polygon community has decided against a proposal to deploy $1. 3 billion in stablecoins from its Proof of Stake (PoS) bridge into yield-generating programs on Morpho, an Ethereum-based DeFi platform.
