BoE and FCA launch Digital Securities Sandbox to explore DLT
The DSS has the “potential to improve efficiency and reduce costs” in financial markets The sandbox will boost the UK’s position as a “vibrant financial centre” The DSS will operate until December 2028, but could be extended The Bank of England (BoE) and the UK’s Financial Conduct Authority (FCA) have launched a sandbox exploring new […]
Bank of England and FCA launch Digital Securities Sandbox
The regulatory sandbox aims to strengthen the United Kingdom’s position as a global financial hub.This post was originally published on this site
Bank of England and FCA launch Digital Securities Sandbox
The regulatory sandbox aims to strengthen the United Kingdom’s position as a global financial hub.This post was originally published on this site
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled […]
UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK
UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.This post was originally published on this site
Web3 Innovator: UK Crypto Community Sees Brighter Future Under Labour Government
The UK’s crypto community has a reason for optimism with the new Labour government, according to Harry Horsfall. Backed by a large parliamentary majority, the Labour government is seen as potentially more decisive in pushing policies favourable to the Web3 industry. Horsfall, CEO of Flight3, which will host the Zebu Live Conference in October, also […]
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering […]
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering […]
Owner of unlicensed UK crypto ATM network faces criminal charges
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration.This post was originally published on this site
UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto […]