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Search Results for: FCA

FCA Bolsters Efforts Against Crypto Market Abuse in the UK

For the years 2024–2025, the UK’s Financial Conduct Authority (FCA) has outlined its primary objectives. Improving the regulator’s ability to detect and punish instances of market abuse is a priority. It also intends to establish regulations for the market misuse of crypto assets and associated services. Market integrity and the

March 20, 2024 1 min read

UK’s FCA Allows Crypto-Backed ETNs for Professional Investors

In a press release on Monday, the Financial Conduct Authority (FCA) of the United Kingdom confirmed that it will not oppose efforts by Recognised Investment Exchanges (RIEs) to establish a listed market segment for crypto asset-backed exchange-traded notes (ETNs). This move further confirms the growing institutionalization of crypto markets. Professional

March 11, 2024 1 min read

Coinbase Implements FCA-Compliant Measures for UK Users

Some users have reported receiving an email stating that Coinbase has implemented a new requirement for customers in the UK. A risk acknowledgment form must now be filled out by them. This effort is in line with the Financial Conduct Authority’s (FCA) upcoming rules on financial advertising in the United

January 4, 2024 2 mins read

UK NAO Criticizes FCA Over Delayed Action on Crypto Sector

The United Kingdom’s National Audit Office (NAO) has voiced doubts over the FCA’s ability to effectively oversee the cryptocurrency market. According to the NAO’s latest report, “Financial services regulation: adapting to change,” the FCA is allegedly dragging its feet when it comes to responding to and prosecuting illegal activity inside

December 11, 2023 2 mins read

Enhanced Digital Group UK Limited Registers With FCA

LONDON–(BUSINESS WIRE)–Enhanced Digital Group UK Limited, a subsidiary of Enhanced Digital Group, Inc. (EDG), a wholesaler of derivative and structured product solutions in the digital asset space, became authorised and regulated by the Financial Conduct Authority (FRN 994619) on November 1, 2023. Chetan Sennik, Co-Founder and Head of Trading, explained,

November 14, 2023 2 mins read

OKX Makes Key Amendments to Comply With UK FCA Regulations

In light of recent changes to the laws governing cryptocurrency exchanges in the U.K enacted by the Financial Conduct Authority (FCA), OKX UK, a subsidiary of the global crypto exchange OKX, said in a blog post that it would be making substantial changes to the tokens it supports. OKX UK

October 8, 2023 1 min read

FCA Sounds Alarm on Meme Coins: PEPE, SHIB, and DOGE in the Crosshairs

The Financial Conduct Authority (FCA) of the United Kingdom has released a new guideline aimed at addressing the noncompliance of crypto memes with promotional guidelines. The FCA has observed an increasing use of memes in crypto communications without firms realizing the need to comply with its guidelines. FCA’s development affects

July 18, 2023 1 min read

UK FCA Continues Stringent Crackdown on Crypto ATMs

The Financial Conduct Authority (FCA), Britain’s financial watchdog, “disrupted” 26 of the 34 cryptocurrency ATMs it visited and investigated since the beginning of 2023. The Financial Conduct Authority (FCA) issued a stern warning to the United Kingdom’s crypto ATM operators on February 14: either comply with legislation or shut down

July 11, 2023 2 mins read

UK FCA Reveals Deadline for Crypto Promotion Compliance

On Sunday, October 8th, the Financial Conduct Authority’s (FCA) new financial promotional system will go into force. The FCA has reportedly sent letters to both domestic and international companies marketing cryptocurrencies to consumers in the United Kingdom. Warning them that they must adhere to the forthcoming crypto ad compliance rules

July 5, 2023 1 min read