Financial Conduct Authority

Barclays (NYSE:BCS) and its former CEO Jes Staley will have to defend themselves in a U.S. court over accusations that they misled shareholders about Staley's relationship with the late financier Jeffrey Epstein. A federal judge in Los Angeles ruled that there was sufficient ground for the case to...

A small portion of cryptocurrency firms successfully obtained licensing under the UK’s anti-money laundering regulations in the past fiscal year. What Happened: The UK’s Financial Conduct Authority (FCA) disclosed in its annual report that out of 35 applications it received in the 12...

The UK's Financial Conduct Authority (FCA) on Monday announced that it will allow certain investment exchanges in the country to create a new market segment for Exchange Traded Notes (ETNs) backed by cryptocurrencies. What Happened: This decision will let professional investors, such as...

In light of recent developments with the UK Financial Promotions Regime for qualifying crypto assets, Binance on Monday announced a temporary halt on accepting new users from the UK. The regulations, which are effective from Oct. 8, stipulate that overseas firms such as Binance could promote...

U.K. regulator, Financial Conduct Authority (FCA), has a progressive stance towards the future of asset management. Drawing insights from a discussion paper released by the FCA, the regulator's focus on proportionate regulation and its role in driving innovation is evident. As digital assets...

The UK's Financial Conduct Authority (FCA) has imposed limitations on the peer-to-peer lending platform, Rebuildingsociety, the same platform that had collaborated with crypto exchange Binance (CRYPTO: BNB) to adhere to the FCA's advertising standards. The FCA on Oct. 10 released...

The U.S. Department of Justice (DOJ) has formally requested Judge Lewis Kaplan to prevent FTX (CRYPTO: FTT) founder Sam Bankman-Fried from discussing or introducing evidence related to the current value of his investment in Anthropic AI during his trial. The DOJ's move comes as it...

Digital asset custody service provider Komainu secured approval on Friday from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider. The FCA's new promotions rules came into effect over the weekend, reported CoinDesk. The rules require firms to be...

Crypto exchange Bitfinex is partnering with digital asset custodian Zodia Custody. What Happened: The agreement will allow Zodia's clientele to execute trades on Bitfinex while ensuring their assets are maintained via Interchange, an off-exchange settlement solution. Clients who hold...

JP Morgan Chase & Co (NYSE: JPM), the prominent banking institution, decided to halt cryptocurrency-related transactions for its U.K. clientele starting Oct. 16, according to a recent communication to its users. The bank stated, "If we think you're making a payment related to...

The Financial Conduct Authority (FCA), the U.K.'s financial watchdog, is intensifying its efforts to combat unregistered cryptocurrency ATMs. What Happened: In a statement released on Friday, the FCA reported that it had conducted inspections in Exeter, Nottingham and Sheffield in...

Crypto lending platform Celsius (CRYPTO: CEL) is seeking to consolidate its U.K. and U..S entities amid allegations the distinction between the two was a "sham." The embattled cryptocurrency company is the latest to be accused of poor record-keeping within its corporate structure,...

Cryptocurrency exchange Binance has suspended deposit and withdrawal services for UK customers using bank transfers and card payments due to the cessation of support for transactions in British pounds by its local banking partner. The company's spokesperson told Bloomberg that the team is...

Nationwide Building Society and HSBC Holdings plc (NYSE: HSBC) implemented new limits on retail customers’ access to cryptocurrency assets, following industry scandals and regulatory warnings. What Happened: Nationwide Building Society announced Thursday it would be applying daily limits...

Advertising for cryptocurrencies such as Bitcoin (CRYPTO: BTC) and related companies is expected to become much harder in the United Kingdom as local regulators increase their pressure on the space. What Happened: U.K. regulator Advertising Standards Authority (ASA) ...