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UK’s FCA Issues Advice for Crypto Firms After Only 41 of 300 Applicants Win Regulatory Approval

The Financial Conduct Authority has faced criticism over its arduous registration regime, with some companies dropping out of the process altogether.

By Camomile Shumba

Jan 26, 2023 at 4:39 p.m. UTC

Jan 26, 2023

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What Crypto Legislation Could Look Like for the US, UK and Europe

Several regulatory initiatives are underway to expand oversight of this nascent industry, the former head of fintech at the U.K. Financial Conduct Authority writes.

By Laura Navaratnam

Jan 26, 2023 at 2:27 p.m. UTC

Jan 26, 2023

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Incoming FCA Chair Calls Crypto Firms Like FTX 'Deliberately Evasive'

Ashley Alder, who is currently the CEO of Hong Kong’s Securities and Futures Commission, will be commencing his role with the Financial Conduct Authority on Feb. 20, he told the Treasury Committee.

By Camomile Shumba

Dec 15, 2022 at 11:28 a.m. UTC

Dec 15, 2022

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CDCROP: Coinbase ad on London Underground (Tube). August 2021. (Sheldon Reback/CoinDesk)

UK Financial Regulator Seeks Comments on Ad Approval Process for Crypto

Only companies with Financial Conduct Authority permission will be able to approve promotional material.

By Camomile Shumba

Dec 6, 2022 at 12:46 p.m. UTC

Dec 6, 2022

regulationsCryptoUKFCA

FCA-Regulated Crypto Custodian Digivault Is Up for Sale Following Eqonex Liquidation: Source

A deal to buy Digivault, which is winding down operations, would include a crypto license in the United Kingdom.

By Oliver Knight

Dec 1, 2022 at 1:56 p.m. UTC

Dec 1, 2022

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CDCROP: UK Subway Tube Ads (Dwayne Paisley-Marshall/Unsplash)

Proposed UK Rules Will Make Advertising Crypto a Lot Harder, Industry Warns

Industry members are sounding the alarm on a proposed measure to require crypto service providers to comply with local advertising rules, which could add an additional layer of authorization to an already complex process.

By Camomile Shumba

Nov 4, 2022 at 10:15 a.m. UTC

Nov 4, 2022

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CDCROP: UK United Kingdom British England Flag (Unsplash)

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Regulations

FCA's Crypto AML Compliance Chief Steps Down

Mark Steward, who led the enforcement of anti-money laundering measures for crypto, is stepping down after seven years with the Financial Conduct Authority.

By Sandali Handagama

Oct 18, 2022 at 11:35 a.m. UTC

Oct 18, 2022

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CDCROP: London (Artur Tumasjan/Unsplash)

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Regulations

UK's FCA Appoints Binu Paul to Lead Its Digital-Assets Department

Paul previously worked as the fintech lead at New Zealand's Financial Markets Authority.

By Camomile Shumba

Oct 14, 2022 at 2:12 p.m. UTC

Oct 14, 2022

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Policy

Fca

UK Shuts Down Temporary Crypto Company Licensing Program

The time it takes to register a firm depends on the quality of the information provided to the Financial Conduct Authority, the regulator told CoinDesk.

By Camomile Shumba

Oct 3, 2022 at 3:02 p.m. UTC

Oct 3, 2022

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