Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue

Crypto Facilities Gets FCA Nod to Set up Crypto Futures VenueCrypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to a traditional stock exchange where a market is made in securities, typically using electronic […]

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A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

A 'Significant Increase': UK Regulator Says 2.6 Million Residents Have Bought CryptocurrenciesThe UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK cryptocurrency exchanges. UK Regulator’s Crypto Survey The Financial Conduct Authority (FCA), which […]

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UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection

UK's FCA Suspends Epayments Service - Over £100M Frozen and Alleged Onecoin ConnectionsEpayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been complaining because they cannot access their money. Reports also detail that if the firm becomes […]

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EU Countries Commence Crypto Regulations as Mandated by New Directive

EU Countries Start Regulating Cryptocurrency as Mandated by New DirectiveThe European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU’s Regulatory Deadline: Jan. […]

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European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

European AML Directive Pushes Crypto Startup Bottle Pay Out of BusinessBottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work under the upcoming EU regulations. AMLD5, the […]

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