Britain’s financial watchdog has warned investors that they have no regulatory protections to turn to when they buy or sell cryptocurrencies. According to the Financial Conduct Authority, the UK’s Financial Services Compensation Scheme does not cover c…
Bitcoin scammers are getting increasingly creative. In a bold move, the fraudsters have impersonated the UK watchdog Financial Conduct Authority (FCA), sending scam emails to encourage the recipients to buy Bitcoin from them. ‘Click her’ to…
Economics professor and renowned crypto basher Nouriel ‘Dr. Doom’ Roubini is extending his rivalry with BitMEX CEO Arthur Hayes beyond the debate stage. Hours after debating Hayes in Taipei during the 2019 Asia Blockchain Summit, Dr. Doom hailed the pr…
Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were be…
Despite this year’s prolonged cryptocurrency market decline, many mainstream financial institutions and wealth managers have continued to explore how to make this nascent asset class more accessible to their clients. Firms such as Goldman Sachs and Fid…
The chief executive of the United Kingdom’s primary financial regulator has called for a balanced approach in nurturing the benefits while narrowing out the risks of cryptocurrencies. In a speech during the regulator’s Annual Public Meeting on Tuesday,…
A near dozen financial regulators from countries around the world have collaborated to form a new network to help further the development of financial technologies like blockchain. Now labeled as the ‘Global Financial Innovation Network (GFIN)’, the al…
The Bank of England’s Prudential Regulation Authority [PRA] reminded CEOs of financial institutions about potential pitfalls in getting involved with cryptocurrencies, cautioning how activity with crypto-assets could lead to “reputation risks.” In a le…
The United Kingdom’s financial regulator and watchdog has urged bank CEOs to follow good practices to lessen the risk of financial crimes brought on by the abuse of cryptocurrencies. In a letter [PDF] addressed to domestic bank CEOs, the UK’s Financial…
The United Kingdom’s Financial Conduct Authority, the country’s markets watchdog and financial regulator, has confirmed that there are 24 investigations pending of cryptocurrency businesses, according to Citywire. The FCA, in response to a Freedom of I…
The British government’s newly-established cryptocurrency task force has held its first meeting ahead of assessing what, if any, regulation is required for broad crypto and blockchain sector. The UK government’s ‘Cryptoassets Task Force’ – compri…
CryptoUK, a self-regulated trade group dedicated to the cryptocurrency industry, has requested regulatory oversight for the digital currency market in the region. The trade group, in a written response to the Treasury Committee’s inquiry into cry…
Britain’s financial regulator and markets watchdog outline its policy thinking on cryptocurrencies with a review to be published later this year. In revealing its business plan for the coming financial year, the Financial Conduct Authority (FCA) underl…
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