Category: FCA

Binance resumes fiat withdrawals via Faster Payments in UK

July 1, 2021

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Binance has uploaded a notice to its U.K. website stating that Binance Markets Limited is not licensed to undertake regulated activities in the United Kingdom. 914 Total views 7 Total shares Leading decentralized crypto exchange by trade volume Binance has restored British pound withdrawals using the Faster Payments network. On June 28, Binance uploaded a […]

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Binance suspends popular fiat ramp for U.K. customers amid regulatory crackdown

June 29, 2021

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Faster Payments is no longer an option for Binance customers in Britain amid increasing regulatory pressure. 4405 Total views 12 Total shares Binance’s U.K. customers are currently unable t use the popular local payments provider, Faster Payments, to withdraw British pounds (GBP) from the exchange.  On Monday, June 28, a notice on the Binance website […]

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UK regulator warns against 111 unregistered crypto companies… and FOMO

June 23, 2021

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The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA. Since Jan. 10, all U.K.-based crypto firms have had to comply with Anti-Money Laundering and Counter-Terrorist Financing laws, as well as to register with the FCA in order to operate […]

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Diginex’s crypto custody arm receives green light from UK financial watchdog

May 14, 2021

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The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions. 9346 Total views 32 Total shares Financial regulators in the U.K. have approved Digivault, the security token custody arm of digital assets group Diginex, to register as a custodian wallet provider. In an announcement from Diginex […]

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UK crypto firms must now submit yearly financial crimes reports

March 31, 2021

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Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue. 8917 Total views 34 Total shares The United Kingdom’s Financial Conduct Authority has included cryptoasset businesses under the financial crimes reporting umbrella eight months after initially announcing plans to do so. The FCA made this known via a policy statement issued on […]

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UK’s FCA Warns Investors of High-Risk Crypto Investments and Scams

January 11, 2021

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Jan 11, 2021 at 10:22 a.m. UTCUpdated Jan 11, 2021 at 2:45 p.m. UTC (Piotr Swat/Shutterstock) UK’s FCA Warns Investors of High-Risk Crypto Investments and Scams The Financial Conduct Authority (FCA) warned investors on Monday they should be prepared to lose “all their money” if they choose to invest in cryptocurrency products offering high returns. […]

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