FCA


Finance

Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg

The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.

Página de inicio del sitio web de la Autoridad de Conducta Financiera para la organización de regulación financiera del Reino Unido. (Shutterstock)

Policy

UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says

Companies such as PayPal are already halting their crypto payments services in the U.K. as a result of tighter regulations.

UK United Kingdom British England Flag (Unsplash)

Finance

PayPal to Stop Crypto Purchases in UK Until 2024

The company said the pause is due to the U.K. financial regulator’s upcoming stricter rules, which include the travel rule to combat money laundering set to take effect Sept. 1.

Sede de PayPal. (Shutterstock)

Policy

UK Crypto Incentives Ban Could Drive Firms Out of Country, Lobbyists Say

Lobby group CryptoUK called for more clarity from the FCA on guidance for upcoming crypto ad rules.

UK United Kingdom British England Flag (Unsplash)

Policy

UK's FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities

The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report.

FCA building with logo (FCA)

Policy

UK Financial Regulator to Introduce Isolated Environment for Testing Financial Applications

During a pilot phase, the environment was used to test the eco-friendliness of decentralized ledgers.

Photo of people entering the FCA building

Policy

UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions

The Financial Conduct Authority has turned down some of the largest crypto firms in the world in the last two years, its CEO Nikhil Rathi told lawmakers at a hearing.

Nikhil Rathi, CEO, UK Financial Conduct Authority

Policy

Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator

The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act last month.

Photo of people entering the FCA building

Policy

UK Regulator Ramped Up Campaign Against Crypto ATMs in May and June

The financial watchdog conducted inspections in conjunction with the South West Regional Organized Crime Unit and the police forces of Greater London, Bedfordshire and Hertfordshire.

FCA building with logo (FCA)

Policy

UK Financial Watchdog Cancels Binance Permissions on Firm's Request

U.K.'s Financial Conduct Authority said Binance's local unit is no longer authorized to provide any regulated services in the country.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)