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.
UK Regulator Warns Crypto Firms of ‘Hard to Read’ Risk Warnings
The Financial Conduct Authority has blocked Binance’s chosen ad approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct.8.
Binance halts onboarding of new UK users
The move comes after the Financial Conduct Authority imposed restrictions on its U.K. partner REBS.
UK FCA Working on Blue Print for Fund Tokenization Due This Year
The U.K. financial regulator said earlier in the year it was speaking to firms and trade groups in relation to proposals on fund tokenization.
Binance’s UK Partner Can’t Approve Crypto Ads, Regulator Says
The Financial Conduct Authority may have derailed Binance’s plans to comply with the new crypto marketing regime by imposing restrictions on the firm’s recently enlisted local partner.
Nomura-Backed Komainu Joins UK Crypto Register
The firm registered with the Financial Conduct Authority just before new ad rules took effect on Sunday.
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.
Why Some Crypto Firms Are Suspending Services in the U.K.
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect.
UK Regulator Saw ‘Poor’ Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
Chase U.K. to Block Crypto Payments Citing Fraud, Scams
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets.
Bybit will suspend services in UK following financial regulator’s ‘final warning’
Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to “regulatory changes.”
Crypto Firms, Banks Asked to Discuss UK Debanking, Regulator Says
While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views.
Crypto Exchange Bybit ‘Exploring All Options’ to Stay in UK: CEO
Companies like Luno and PayPal have halted certain crypto operations in the country in response to regulations set to take effect next month.
Luno to Halt Some UK Clients From Investing in Crypto as Regulation Looms
The U.K. Financial Conduct Authority crypto promotion rules will be coming into effect by October 8.
Crypto Exchange Kraken’s UK Derivatives Unit Looking to Expands Its Service: Bloomberg
The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.
UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.
PayPal to Stop Crypto Purchases in UK Until 2024
Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.
UK Crypto Incentives Ban Could Drive Firms Out of Country, Lobbyists Say
Lobby group CryptoUK called for more clarity on the FCA’s guidance on its upcoming rules for crypto ads.
UK’s FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities
The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report.
UK Financial Regulator to Introduce Isolated Environment for Testing Financial Applications
During a pilot phase, the environment was used to test the eco-friendliness of decentralized ledgers.