Posts Tagged ‘FCA’
FCA Lifts UK Ban on Bitcoin-Linked Investments — But Experts Warn ‘Don’t Rush In’
The Financial Conduct Authority (FCA) in the UK has lifted the our-year ban on cryptocurrencies, particularly on crypto exchange-traded notes (cETNs). Are the British ready for an influx of these risky assets? The 2025 Global State of Crypto report, conducted by Data Driven Consulting Group on behalf of Gemini, indicates that Europe is leading in…
Read MoreBritain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering controls between June 2016 and December 2020. The bank failed to have the right systems and controls to adequately monitor more than 60 million transactions, with a value of over £51 billion, for money laundering risks,…
Read MoreCrypto.com Secures Crucial License From UK’s Financial Conduct Authority (FCA)
Singapore-based cryptocurrency exchange company Crypto.com announced Monday that it has secured a crucial license from the U.K.’s financial regulatory body Financial Conduct Authority (FCA). Crypto.com achieved a new licensing milestone after it was granted by the FCA the authorization as an Electronic Money Institution (EMI). “We are proud to announce that Crypto.com has been authorized…
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