City watchdog issued nearly 150 alerts on crypto ads in 24 hours after new regulations October 9, 2023 The City watchdog issued nearly 150 alerts on the first day of its new crypto marketing regime as unauthorised crypto firms felt the heat from the new regulations.
Top lawyer: Bank crypto transaction ban ‘about protecting themselves’ October 2, 2023 British banks could face criticism if they follow in the footsteps of JP Morgan’s Chase, which moved to block cryptocurrency payments for its UK customers, a banking lawyer has said.
JP Morgan’s Chase will ban crypto payments starting from mid-October September 26, 2023 Chase UK is banning customers from making crypto payments from mid-October citing concerns over financial crime.
Treasury slaps down calls for crypto to be regulated like gambling July 20, 2023 The Treasury has slapped down a suggestion from MPs that crypto should be regulated like gambling today, describing it as running “completely counter” to standards set by international watchdogs.
UK must have a ‘Goldilocks’ approach to crypto rules or risk scaring firms off, warns minister Griffith June 20, 2023 The UK must strike a “goldilocks” approach to crypto rules and not scare off a crop of fintech firms with an overly “hot” regulatory clampdown, the City minister has warned.
Crypto: FCA cannot ignore ‘harms that exist’ in market as new rules come into force June 19, 2023 The Financial Conduct Authority’s (FCA) crypto lead Matthew Long said regulators could not ignore “the harms that exist” in the market as new rules come into force. Speaking at London FinTech Week, Long said regulators around the world needed to be vigilant of the risks that the crypto sector poses to consumers. He said “opportunities [...]
Crypto exchange Bitstamp wins FCA approval ahead of regulatory clampdown June 13, 2023 Crypto exchange Bitstamp has won authorisation from the UK’s financial watchdog today and doubled down on investment in Britain despite a looming clampdown from regulators.
Regulator plays sheriff as it takes on crypto marketing ‘wild west’ June 8, 2023 Crypto firms face a regulatory clampdown in the UK this year as the City watchdog cracks the whip on the “Wild West” landscape of crypto marketing. In a new set of rules announced today, the Financial Conduct Authority (FCA) said it will force crypto firms to introduce a “cooling-off” period, during which time consumers can [...]
MPs call for dedicated ‘crypto tsar’ as parliamentary schism emerges June 5, 2023 A group of crypto-friendly MPs have called for the appointment of a dedicated “crypto tsar” to oversee plans to turn the UK into a digital asset hub today, as stark divisions emerge in parliament over the future direction and role of the country’s crypto industry. In a new report, the All Party Parliamentary Group on [...]
Crypto ‘more closely resembles gambling than a financial service’, Treasury committee warns government May 17, 2023 An influential group of lawmakers has argued that consumer cryptocurrencies should be treated like gambling in the government’s upcoming crypto regulations. In a new report on the crypto sector, MPs on the Treasury Select Committee concluded that retail trading in unbacked crypto “more closely resembles gambling than a financial service”. The MPs noted that the [...]