As defined by the FCA, “cryptoasset activity” includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
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Hong Kong securities regulator CEO to lead UK financial watchdog
Ashley Alder said the FCA would help “chart the UK’s post-Brexit future as a global financial centre which continues to support innovation and competition.”
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Bank of England and regulators assess crypto regulation in raft of new reports
A bundle of interrelated documents remind financial institutions of their responsibilities and look at the state of crypto regulation in the U.K.
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UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions
Read moreDid US Regulators Began Offensive Against Crypto Platforms? CFTC Fines Kraken
One of the biggest cryptocurrency exchanges, Kraken, received a $1.25M fine. The Commodity Futures Trading Commission imposed the “civil monetary penalty” plus a cease and
Read morePayPal To Facilitate UK Customers With Cryptocurrency Trading Feature
PayPal users with accredited identities will start accessing cryptocurrency trading soon. However, cryptocurrency transactions for its business account are not supported yet. Starting from this
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