2019-6-15 20:28 |
The British financial regulator, Financial Conduct Authority, has blacklisted two clones of financial firms, including one posing as Goldman Sachs
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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.
2018-6-30 20:00 | |
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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.
2018-6-30 18:29 | |
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39 financial firms and regulators worldwide have completed a KYC trial on R3’s Corda blockchain platform
2018-6-30 04:33 | |
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A Bank of England official has warned banks and other financial firms about exposure to cryptocurrency-related assets in a letter.
2018-6-28 18:00 | |
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Florida’s Chief Financial Officer (CFO) revealed plans to create a statewide position to oversee the application of current securities and insurance legislation for Initial Coin Offerings (ICOs) and digital currencies.
2018-6-27 20:00 | |
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Traditional venture capital (VC) firms were not designed to invest in assets other than public and private companies. After the huge returns from the cryptocurrency sector during 2017, these firms are now looking to partake in cryptocurrency investments.
2018-6-24 23:03 | |
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David Solomon, Chief Operating Officer of Goldman Sachs (one of the most successful financial firms in the world), announced on Wednesday that the bank is considering expanding its involvement in crypto trading to incorporate more types of investment.
2018-6-22 23:10 | |
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The costs of complying with due diligence processes like KYC (Know Your Customer) and AML (anti-money laundering) are rising. With financial firms regularly spending 8. 4x their average compliance costs on KYC amidst growing client complaints about poor KYC experiences, KYC is becoming a growing balance sheet and relationship management liability.
2018-6-22 21:00 | |
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Financial authorities all over the world are hard at work trying to eliminate criminals and scam cryptocurrency-based investment schemes. In the latest development, the French financial markets regulator has issued fresh warnings to citizens against unregistered firms offering digital assets investment vehicles in the region.
2018-6-22 13:09 | |
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A group of industry stakeholders has developed a blockchain platform to transfer collateral to central counterparties when trading securities. Stock exchange operator Nasdaq announced Tuesday that its clearing arm, along with securities services provider ABN AMRO Clearing and financial services firms EuroCCP and Euroclear, have developed a joint proof-of-concept (PoC) blockchain platform. Further, Euroclear, one
2018-6-20 13:23 | |
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The CEO of Swiss financial services giant UBS Group AG endorsed blockchain technology in an interview, suggesting that it is “almost a must” for business. Sergio Ermotti told CNBC Monday that the technology can help companies become more efficient, thereby reducing costs for certain operations.
2018-6-19 12:41 | |
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Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.
2018-6-13 20:24 | |
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U.K.-based fintech platform Revolut has unveiled a mobile crypto exchange app for users across the United Kingdom and the broader European Economic Area. Revolut said in an announcement that the new app, Revolut X, will allow U.K. and EEA users…
Paul Chowles, an operational officer with the UK’s National Crime Agency, has been charged with multiple offenses linked to the alleged misappropriation of Bitcoin during an investigation into online organized crime in 2017.
Kraken has obtained an Electronic Money Institution license from the UK’s Financial Conduct Authority. The approval allows Kraken to issue electronic money and facilitate faster deposits and withdrawals for UK customers.
A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it…
The UK government has introduced the Crime and Policing Bill, aimed at enhancing the country’s ability to recover proceeds from cryptocurrency-related crime. The bill outlines provisions for valuing cryptocurrency, procedures for courts to recover illicit funds, and expanded powers for…
James Howells is considering buying a public landfill where he claims a massive Bitcoin fortune might be buried, but local authorities plan to shut down the site after a court battle.
Coinbase has secured registration with the U.K.’s Financial Conduct Authority, becoming the latest crypto exchange to operate in the country. U.S.-based cryptocurrency exchange Coinbase is back in the United Kingdom as it has secured registration with the Financial Conduct Authority,…