Tag Archives: fca

DSS will enable companies to establish financial market infrastructure leveraging digital asset technology. The United Kingdom is set to establish a new Digital Securities Sandbox (DSS) next year to foster innovation in the digital securities sector. The move marks the second crypto-related sandbox initiative in the UK as it continues to solidify its stance in the evolving world of finance and blockchain technology. For clarity, a sandbox is a controlled testing environment for individuals...

The recent decision by Bybit to suspend its operations in the United Kingdom is not an isolated incident within the crypto industry. In a sudden turn of events, crypto exchange Bybit has announced its decision to suspend its operations in the United Kingdom. This move comes just a week after the company expressed its commitment to explore all available options to continue operating within the country. Bybit Exchange’s Proactive Response to FCA The company has outlined a timeline for these...

eToro, die Trading- und Investmentplattform, hat heute bekannt gegeben, dass ihr Antrag auf Registrierung unter dem CySEC CASP (Crypto Asset Service Provider) Register genehmigt wurde. Damit macht eToro den bestehenden Bitcoin-Börsen konkurrenz. Die Registrierung versetzt eToro in die Lage, regulierte Krypto-Dienstleistungen in allen EU-Ländern auf grenzüberschreitender Basis über eine einzige Einrichtung, nämlich eToro (Europe) Digital Assets Ltd, anzubieten, sobald die EU-Verordnung über...

Bybit’s approach is grounded in cooperation and compliance, seeking to create a harmonious relationship with UK regulators and authorities. Bybit, a prominent crypto exchange remains steadfast in its commitment to stay in the United Kingdom with CEO Ben Zhou reiterating that “leaving the UK is not part of our current strategy”. The New Regulatory Landscape in the UK Crypto has been the subject of intense scrutiny by regulatory authorities around the world. The UK is no exception, and its...

The Crypto Travel Rule was created by the UN’s Financial Action Task Force (FATF) in June 2019 as a measure to prevent illicit actors from laundering money through cryptocurrencies. Commencing today, September 1, a new regulatory requirement is now in effect for cryptocurrency-related enterprises operating within the United Kingdom. This crypto rule was initially introduced by the Financial Conduct Authority (FCA) on August 17. It obligates Virtual Assets Service Providers (VASPs) to...

CoinspeakerBitstamp to Expand Derivatives Trading in Europe amid Fundraise Bitstamp is also looking to expand its operations in the UK after securing the FCA license earlier this year. Bitstamp to Expand Derivatives Trading in Europe amid Fundraise

CoinspeakerFCA Investigation Results in Closure of 26 Crypto ATMs across UK This move is part of the regulator's efforts to ensure the financial system's integrity and prevent potential illicit activities associated with unregulated crypto transactions.  FCA Investigation Results in Closure of 26 Crypto ATMs across UK

Despite a few headwinds Wise has recently faced, the company’s stock jumped after revealing a spike in profits and revenue. British fintech online money transfer firm Wise’s (LON: WISE) stock jumped almost 18% on Tuesday in reaction to a rise in company profits. In a recent statement, the London-based fintech noted that its profit before tax tripled to £146.5 million ($186.5 million). The company also reported that its earnings per share tripled to 11.53 pence. According to data from...

Binance has confirmed it is not affiliated with a supposed branch in the UK after a Reddit post shared the exchange’s alleged UK address. Major crypto exchange Binance announced that it issued a cease and desist order to Binance Ltd in the UK. In a tweet from Binance’s official account, the exchange said the referenced company has no business with the company. The Binance tweet was in response to a Reddit post brought to Twitter, stating that the Binance office in the UK is a “utility...

Binance has been considering expanding its business to the UK and other regions due to the crackdown on crypto exchanges in the US.  Following its lawsuit with the United States Securities and Exchange Commission (SEC), the global leading digital asset service provider Binance has withdrawn its registration of Binance Markets Limited (BML) with the Financial Conduct Authority (FCA). Markedly, BML is the United Kingdom subsidiary of the global crypto exchange. With these latest...