FCA


Policy

Incoming FCA Chair Calls Crypto Firms Like FTX 'Deliberately Evasive'

Ashley Alder, who is currently the CEO of Hong Kong’s Securities and Futures Commission, will be commencing his role with the Financial Conduct Authority on Feb. 20, he told the Treasury Committee.

Ashley Alder will become chair of the U.K.'s FCA next year. (H.K. Securities and Futures Commission)

Policy

UK Financial Regulator Seeks Comments on Ad Approval Process for Crypto

Only companies with Financial Conduct Authority permission will be able to approve promotional material.

Coinbase ad on London Underground (Tube). August 2021. (Sheldon Reback/CoinDesk)

Finance

FCA-Regulated Crypto Custodian Digivault Is Up for Sale Following Eqonex Liquidation: Source

A deal to buy Digivault, which is winding down operations, would include a crypto license in the United Kingdom.

(Brock Wegner/Unsplash)

Policy

Proposed UK Rules Will Make Advertising Crypto a Lot Harder, Industry Warns

Industry members are sounding the alarm on a proposed measure to require crypto service providers to comply with local advertising rules, which could add an additional layer of authorization to an already complex process.

Advertisements in London's metro (Dwayne Paisley-Marshall/Unsplash)

Policy

FCA's Crypto AML Compliance Chief Steps Down

Mark Steward, who led the enforcement of anti-money laundering measures for crypto, is stepping down after seven years with the Financial Conduct Authority.

British Flag (Unsplash)

Policy

UK's FCA Appoints Binu Paul to Lead Its Digital-Assets Department

Paul previously worked as the fintech lead at New Zealand's Financial Markets Authority.

London (Artur Tumasjan/Unsplash)

Policy

UK Shuts Down Temporary Crypto Company Licensing Program

The time it takes to register a firm depends on the quality of the information provided to the Financial Conduct Authority, the regulator told CoinDesk.

London (Artur Tumasjan/Unsplash)

Finance

Digital Bank Revolut Wins FCA Registration to Offer Crypto Services in UK

The trading platform had been operating in the country under a program that gives firms a reprieve while their applications are pending.

(Revolut)

Policy

Crypto Exchange FTX Not Authorized in UK, Financial Watchdog Warns

However, FTX told Bloomberg it believes a scammer is impersonating the company.

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

Policy

UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending.

The U.K. wants to bring stablecoins into the scope of local payments regulation, but it's still not clear what that might look like. (Ashley Cooper/Getty Images)