“This partnership is a natural fit, combining a market structure for which regulators have voiced a strong preference with a trading platform whose functionality institutions know and expect.”
Search Query: #fca crypto
For exchanges wishing to list cETNs, the FCA will evaluate applications individually, focusing on whether they meet the criteria specified in the Listing Rules and ensuring that trading is conducted orderly and with sufficient investor protection. Only professional investors, defined as entities authorized to operate in financial markets, will have access to these market segments.
“With this latest certification, Portofino Technologies is now registered to provide OTC services in both the UK and Switzerland, solidifying our position as one of the most regulatory compliant cryptocurrency market makers globally.”
It was last year that OANDA acquired FCA-registered Coinpass, which meant that the global brokerage firm would eventually launch its own branded crypto trading service after successful technology integration.
“Securing FCA approval allows us to demonstrate our commitment to simplifying the regulatory journey for businesses, irrespective of their size. We’re not just rewriting the rules; we’re transforming the game.”
“Bringing a player of FalconX’s pedigree onto Fusion Digital Assets is another step forward in the growth of our exchange. Our aim is to offer clients a unique liquidity experience in a secure environment.”
The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.
PayPal has been granted approval by the Financial Conduct Authority (FCA) to provide specific crypto asset activities in the United Kingdom, as per the official FCA register dated Oct. 31, 2023.
Binance’s recent endeavors to align with the U.K.’s new marketing regulations for crypto companies have hit a roadblock. The Financial Conduct Authority (FCA), the U.K.’s chief financial regulator, announced on Tuesday that Rebuildingsociety.com, Binance’s U.K. partner, does not have the authority to approve cryptocurrency advertisements.
The UK Financial Conduct Authority (FCA) has added several crypto exchanges and digital asset companies to its warning list for marketing their services in the UK without the necessary approvals.
“A notable transformation is underway, where promoting any digital service or product without ensuring its suitability for customers is poised to become a criminal offense. This shift in approach is a clear indication of regulators’ commitment to protecting consumers’ interests.”
“Not only have we gained a true competitive edge with the unique pairing of cryptoasset registration and EMI license issued by the FCA, but the acquisition also holds significance as we look to the future of finance and how the industry will develop.”
Payments giant PayPal is hitting the pause button on cryptocurrency purchases in the United Kingdom until early 2024. The move comes in response to the UK’s financial watchdog, the Financial Conduct Authority (FCA), tightening up the rules around cryptocurrency activities.
“If you use a crypto ATM in the UK, you are using a machine that is operating illegally and you may be handing your money over to criminals. You will not be protected if something goes wrong, and you could lose your money.”
Bitstamp, one of the largest crypto platforms in Europe, has won regulatory approval from the Financial Conduct Authority (FCA), allowing the exchange to continue serving UK-based customers. With this registration, Bitstamp now holds a total of 52 global licenses.
The Financial Conduct Authority (FCA) in the UK has introduced new advertising rules for firms marketing crypto assets to consumers.
“Criminals will use crypto ATMs to launder illegally obtained cash, so we were pleased to assist our colleagues at the FCA in targeting businesses in the region displaying these machines without authorization.”
“GFO-X is regulated in the UK but has strong roots in Asia with our significant presence and heritage in Hong Kong. We see great potential in the growth and appetite for regulated digital asset derivative products in Asia.”
“Crypto ATMs operating without FCA registration are illegal and, as today shows, we will take action to stop this.”