UK Crypto Financial Service Provider Becomes First ‘Authorised Payment Institution’ By FCA

2020-1-29 19:41

A British crypto company similar to Bitstamp, Galaxy Digital and Coinbase was awarded a license for payments by the UK Financial Conduct Authority (FCA).

The announcement was made on Monday, by the BCB Group. It’s saying that BCB Payments Ltd., a subsidiary of BCB Group, is the first and only UK crypto company to be registered as an Authorized Payment Institution.

Banks in UK Aren’t Too Keen on Crypto Firms

Since British banks don’t really want to work with crypto companies, BCB stands as the only option for cryptocurrency enthusiasts. It has mentioned that it provides B2B payment services like cryptocurrency market liquidity and business accounts for some of the largest crypto financial institutions in the world. This is what the CEO and founder of the BCB Group, Oliver von Landsberg-Sadie, had to say about the latest FCA license award obtained by BSB Payments:

“This regulatory approval for our firm, a leading crypto-dedicated payment service provider, is a testament to how we’re able to push ahead with digital asset innovation while remaining in full compliance with some of the most stringent regulations in force globally.”

BCB Payments Already Registered as a Small Payment Institution

BCB Payments hasn’t been a stranger to the FCA, as it has been registered as a Small Payment Institution with the regulator ever since June 2018. Becoming an Authorized Payment Institution is more like an “upgrade”. The Swiss BCB OTC Trading SARL has also been regulated by an organization which is self-regulated, with the supervision of the Swiss Financial Market Supervisory Authority (FINMA). With the new license, BCB Payments expects to gain new international clients from both Switzerland and the UK.

BCB Group Working with ClearBank

The problem with banks in UK being reluctant to the crypto space came into attention in July 2019, when Coinbase had to put the transactions denominated in the British pound on hold because it was dropped by Barclays. In October, it reinstated its services, after closing a partnership with ClearBank. The BCB Group is also collaborating with ClearBank to offer British clients the UK Faster Payments scheme. In July last year, BCB started to provide this service for the crypto exchange Bitstamp.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Formosa Financial (FMF) на Currencies.ru

$ 0.0004577 (+0.00%)
Объем 24H $0
Изменеия 24h: -0.11 %, 7d: 98.23 %
Cегодня L: $0.0004538 - H: $0.0004624
Капитализация $394.44k Rank 99999
Доступно / Всего 861.833m FMF

fca financial crypto payments conduct license awarded

Источник: bitcoinexchangeguide.com

fca financial → Результатов: 126


Финтех-стартап Robinhood получил лицензию брокера от британского регулятора

Подразделение Robinhood International получило лицензию брокера от Управления по финансовому регулированию и надзору Великобритании (FCA). We’re excited to share that Robinhood International, Ltd. has been authorized by the Financial Conduct Authority to operate as a broker in the United Kingdom.

2019-8-8 16:15


Фото:

В Великобритании не требуют регулирования биткоинов и Ethereum

Британский финансовый регулятор не намерен ограничивать хождение двух видов криптовалют. Британское Управление по финансовому регулированию и надзору (Financial Conduct Authority — FCA) опубликовало финальный вариант руководства для тех, кто имеет дело с криптовалютами.

2019-8-1 12:43


UK Regulator Officially Issued Guidance on Bitcoin and Crypto Assets, Specifically for Security Tokens

The United Kingdom was working to find some clarity on their cryptocurrency policies through the last year, which they promised to deliver. The financial watchdog in the UK, the Financial Conduct Authority (FCA) has now published a report to update the public on the state of the cryptocurrency industry within the UK, according to The […]

2019-7-31 22:35


UK’s Watchdog says Cryptos have “No Intrinsic Value,” eToro Analyst Counters, What About “Massively Depreciating” Pound

FCA is at it yet again! But what about Pound that’s dropping like “a hot potato” Fiat is all about, “Keep calm & stay bearish” UK’s Financial Conduct Authority (FCA), the financial regulatory body of the country is at it again as it warns people to be cautious about putting their money into cryptocurrencies like […]

2019-7-31 20:32


Фото:

В Британии мошенники притворяются регулятором

Злоумышленники, продвигающие мошенническую криптовалютную схему, рассылают письма от имени представителей Управления по финансовому надзору Великобритании (FCA). Об этом сообщил основатель и директор лондонской компании Solomon’s Independent Financial Advisers Доминик Томас.

2019-7-24 14:00


UK’s Financial Conduct Authority Is Being Targeted By Crypto Scam Email Campaign

The Financial Conduct Authority (FCA), an important regulator from the United Kingdom, has recently been impersonated by an online scammer via an email campaign. According to local reports, the emails, which are from a new crypto scam, impersonate the British regulator in order to offer a chance to get money via cryptos. The email uses […]

2019-7-24 23:14


UK Financial Conduct Authority Proposes Ban on Sale of Crypto Derivatives to Retail Investors

The FCA outlines rules to prohibit the sale of CFDs and ETNs The UK markets regulator cited no reliable basis for valuation of underlying assets as one of the reasons The UK’s markets regulator, the Financial Conduct Authority (FCA) has proposed a ban on the sale of derivatives and exchange-traded notes (ETNs) related to a […]

2019-7-3 20:10


Фото:

UK regulator wants crypto-derivatives ban to protect ‘ill-suited’ retail investors

The UK‘s Financial Conduct Authority has proposed a ban on cryptocurrency-related investment products to protect retail investors. In an announcement released earlier today, the FCA said that cryptocurrency-based derivatives and exchange traded notes (ETNs) are “ill-suited to retail consumers who cannot reliably assess the value and risks.

2019-7-3 15:43


Globacap Opens Regulated Platform For Crypto In The UK To Tokenize Digital Securities

Globacap is a fintech company based out of the United Kingdom, and they have just made some history with the Financial Conduct Authority (FCA). According to reports from The Block and Finance Magnates, Globacap has decided to launch their own platform for digital security offering and administration in the United Kingdom. Based on press releases […]

2019-7-2 00:46


Британцы в 2019 году вложили в фейковые активы более $30 млн

По данным Управления по финансовой политике Великобритании (FCA), в 2019 году граждане королевства потеряло около $34 млн из-за действий криптовалютных и форекс-мошенников. Как уточняет издание Financial Times со ссылкой на отчет FCA, наибольшую озабоченность британского регулятора вызывают различные фейковые проекты, жертвами которых зачастую становятся люди, мало что знающие о криптовалютной индустрии. Ранее сообщалось, что более […]

2019-5-21 10:08


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

South Korean Exchange Suspends Withdrawals to External Wallets, Govt. Reaches Out to Apple and Google to Block P2E Apps

One of the four regulated cryptocurrency exchanges in South Korea, Coinone, has announced that it will no longer allow withdrawals to non-verified external wallets starting Jan. 24, 2022. If Coinone users want to withdraw their crypto assets to another digital wallet, they would have to register their wallet address with the exchange, “in accordance with […] The post South Korean Exchange Suspends Withdrawals to External Wallets, Govt.

Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year

Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide.

Bank of England to Coordinate with International Regulators for Stricter Crypto Rules

The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide.

Paraguayan Senate Passes Bill to Regulate Crypto Trading and Mining

The Senate of Paraguay has passed a bill that will regulate the trading and mining of cryptocurrencies in the country. Paraguayan Senator Fernando Silva Facetti, one of the three authors of the bill, confirmed this on Twitter, saying Paraguay’s Chamber of Deputies will discuss the bill next year.