Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed.
Protecting Crypto Users Is More Important Than Faster UK Registration: FCA Executive
Members of the industry have complained that the regulator takes too long to approve crypto applications.
UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT
The DSS will last five years and could lead to a new regulatory regime for securities settlement.
UK Ad Rules Apply to Influencers, Crypto Memes, Regulator Confirms in New Guidance
“The use of memes in promotions is particularly prevalent in the crypto-asset sector,” the FCA’s guidance said.
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year
The U.K. has been refining it approach to regulating the crypto sector.
NFT Providers May Need Registration to Comply With UK Money Laundering Rules
The U.K. started a consultation on its money laundering rules on Monday.
UK’s FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN Market
Products would be available to professional investors while retail consumers remain banned, the regulator said.
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
UK Economic Secretary to the Treasury Bim Afolami has said the UK government was “pushing very hard” to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report.
UK Financial Watchdog Issued 450 Alerts on Illegal Crypto Promotions in Last Three Months of 2023
The Financial Conduct Authority said firms approving ads need to take their regulatory obligations seriously.
Banxa, Payments Partner for Binance and OKX, Lands on UK Crypto Register
BNXA UK VASP is the first firm to land on the Financial Conduct Authority’s crypto register this year.
FCA Slow to Take Crypto Enforcement Action, UK’s Public Spending Watchdog Says
Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.’s National Audit Office said.
UK FCA crypto skills gap is causing slow enforcement, says National Audit Office
The National Audit Office emphasized that it took nearly three years for the UK Financial Conduct Authority to address illicit activity in crypto ATMs across the country.
UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders
The FCA is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.
UK regulator advocates for asset managers to tokenize funds
The United Kingdom’s financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms.
UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says
The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means of payment, the FCA has been a strict regulator and it will do most of the supervision work involving the broader crypto sector.
UK Financial Watchdogs Publish Plans to Regulate Stablecoins
The U.K. government published plans for regulating crypto last week.
UK Regulator Publishes Guidance for Crypto Marketing Regime
The Financial Conduct Authority’s new ad regime took effect in October.
Upcoming UK Rules for Crypto Ad Approvers Spell Uncertainty for Industry
Those approving ads for other crypto companies are already facing regulatory scrutiny – and will soon need new permissions to continue.
Singapore, Japan, UK, Swiss Regulators Plan Asset Tokenization Pilots
Project Guardian seeks to advance digital asset tokenization pilots in fixed income, foreign exchange and asset management products.
Crypto firms have already breached new UK promo rules 221 times, says FCA
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too.
