The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business.
Diginex’s crypto custody arm receives green light from UK financial watchdog
The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions.
UK’s Ban on Crypto Derivatives Goes Into Effect Today
The Financial Conduct Authority ban on the sale of derivatives and exchange-traded notes was passed in October.
Kraken-Owned Crypto Facilities Wins UK License to Offer Derivatives Trading
The subsidiary of cryptocurrency exchange Kraken has obtained a U.K. license allowing it to operate its derivatives platform in the EU.
Gemini Hires Former Starling Bank Founder as Managing Director of Europe
The exchange hired Julian Sawyer, former co-founder and chief operating officer of a U.K. digital bank, to shape the exchange’s strategy in the region and manage European hiring.