Amid bitcoin boom Britain's FCA scrambles to assemble regulation roadmap by 2026Britain's FCA is set to introduce comprehensive cryptocurrency regulations by 2026 in response to rising demand and risks.
NFT Providers May Need Registration to Comply With UK Money Laundering RulesNFT providers in the UK may need to register with the Financial Conduct Authority for anti-money laundering purposes.NFTs are likely to be outside the financial services regulation but may fall under anti-money laundering regulations.
UK to Issue New Crypto, Stablecoin Legislation by July, Minister SaysThe U.K. aims to introduce new legislation for stablecoins and crypto activities by June or July, positioning the country as a global crypto hub.
Amid bitcoin boom Britain's FCA scrambles to assemble regulation roadmap by 2026Britain's FCA is set to introduce comprehensive cryptocurrency regulations by 2026 in response to rising demand and risks.
NFT Providers May Need Registration to Comply With UK Money Laundering RulesNFT providers in the UK may need to register with the Financial Conduct Authority for anti-money laundering purposes.NFTs are likely to be outside the financial services regulation but may fall under anti-money laundering regulations.
UK to Issue New Crypto, Stablecoin Legislation by July, Minister SaysThe U.K. aims to introduce new legislation for stablecoins and crypto activities by June or July, positioning the country as a global crypto hub.
Metro Bank fined 16.6m by FCA over money laundering monitoring failuresMetro Bank was fined £16.6 million for inadequate systems to monitor money laundering risks affecting millions of transactions.Continuous oversights led to serious deficiencies in Metro Bank's financial crime prevention measures over four years.
Man Pleads Guilty to Illegally Operating Crypto ATM Network in the UKOlumide Osunkoya's guilty plea represents the first U.K. conviction related to illegal crypto ATM operations.
UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto BusinessThe Financial Conduct Authority and Metropolitan Police arrested two individuals linked to a $1.3 billion illegal crypto business.
Metro Bank fined 16.6m by FCA over money laundering monitoring failuresMetro Bank was fined £16.6 million for inadequate systems to monitor money laundering risks affecting millions of transactions.Continuous oversights led to serious deficiencies in Metro Bank's financial crime prevention measures over four years.
Man Pleads Guilty to Illegally Operating Crypto ATM Network in the UKOlumide Osunkoya's guilty plea represents the first U.K. conviction related to illegal crypto ATM operations.
UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto BusinessThe Financial Conduct Authority and Metropolitan Police arrested two individuals linked to a $1.3 billion illegal crypto business.
Lack of City of London oversight hurting efforts to halt dirty money, FCA warnsImproper oversight of professional bodies in London is undermining efforts to combat money laundering.
Starling Bank fined 29m for 'shockingly lax' financial crime controlsStarling Bank was fined £29 million for severe lapses in financial crime controls, jeopardizing the UK's financial integrity.The bank's supervised growth did not include robust anti-money laundering systems, leading to compliance failures.
Lack of City of London oversight hurting efforts to halt dirty money, FCA warnsImproper oversight of professional bodies in London is undermining efforts to combat money laundering.
Starling Bank fined 29m for 'shockingly lax' financial crime controlsStarling Bank was fined £29 million for severe lapses in financial crime controls, jeopardizing the UK's financial integrity.The bank's supervised growth did not include robust anti-money laundering systems, leading to compliance failures.
Bitcoin ETPs Begin Trading on the London Stock ExchangeDebut of Bitcoin ETPs on the London Stock Exchange marks a milestone for Bitcoin adoption and London's digital asset ambitions.
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMsThe FCA has charged Olumide Osunkoya for operating illegal crypto ATMs in the UK, marking a significant step in regulating the crypto landscape.
Bitcoin ETPs Begin Trading on the London Stock ExchangeDebut of Bitcoin ETPs on the London Stock Exchange marks a milestone for Bitcoin adoption and London's digital asset ambitions.
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMsThe FCA has charged Olumide Osunkoya for operating illegal crypto ATMs in the UK, marking a significant step in regulating the crypto landscape.
Whistleblower unfairly dismissed after being told to arrange visa for Chinese 'espionage agent' awarded $745,000Bharat Bhagani was awarded £565,000 after being unfairly dismissed for whistleblowing on serious regulatory violations.
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. ReportCrypto firms are high-risk for money laundering, with increased scrutiny and supervision by the U.K. government.
Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: BloombergBinance is facing challenges in re-entering the U.K. market after suspending its services in October.The Financial Conduct Authority's new rules require crypto firms to be registered or approved by an authorized third party for marketing campaigns.
'Finfluencers' and firms warned by UK that crypto meme ads can't be misleadingInfluencers must follow regulations when promoting financial products, including cryptocurrencies.Firms are responsible for ensuring influencers comply with FCA rules when marketing financial products.
Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: BloombergBinance is facing challenges in re-entering the U.K. market after suspending its services in October.The Financial Conduct Authority's new rules require crypto firms to be registered or approved by an authorized third party for marketing campaigns.
'Finfluencers' and firms warned by UK that crypto meme ads can't be misleadingInfluencers must follow regulations when promoting financial products, including cryptocurrencies.Firms are responsible for ensuring influencers comply with FCA rules when marketing financial products.
Martin Lewis urges drivers to claim payout that millions' could be owedMoney Saving Expert Martin Lewis warns drivers to check if they're eligible for a pay-out in a potential car finance scandal.The Financial Conduct Authority (FCA) is investigating alleged mis-selling of new and secondhand cars and inflated prices for loans.
FCA clamps down on credit rating agenciesThe Financial Conduct Authority (FCA) is cracking down on credit ratings agencies for providing incomplete information to lenders.The FCA aims to ensure that credit files accurately reflect individuals' financial situations to prevent inappropriate lending decisions.
Two arrested for running an illegal unregistered 1 billion crypto exchange in London - London Business News | Londonlovesbusiness.comThe Financial Conduct Authority (FCA) conducted arrests related to an illegal crypto exchange in London.