Financial Conduct Authority


Videos

Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Marathon Digital bought $100 million worth of BTC in the open market and said it will readopt its strategy to hold all mined bitcoin on its balance sheet. Plus, India has seen as many as 92 cases involving the dark net and crypto for drug trafficking in the past four years, and Coinbase's CBPL was fined more than 3.5 million pounds by the Financial Conduct Authority.

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Policy

Banxa, Payments Partner for Binance and OKX, Lands on UK Crypto Register

BNXA UK VASP is the first firm to land on the Financial Conduct Authority's crypto register this year.

(FCA)

Policy

UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say

Industry groups argue they see inconsistencies in regulatory plans by the Bank of England and the Financial Conduct Authority.

Crypto lobbying groups are arguing the Bank of England and the Financial Conduct Authority should rethink some of their ideas for regulating stablecoins. (Jesse Hamilton/CoinDesk)

Videos

UK Financial Watchdogs Reveal Stablecoin Regulation Proposals

Two U.K. financial watchdogs, the Bank of England (BOE) and the Financial Conduct Authority (FCA), have published their plans to regulate stablecoins. Laura Douglas, senior associate at international law firm Clifford Chance, weighs in on the move. "This is really the next stage of the U.K.'s plan to regulate stablecoins and crypto assets more generally," Douglas said. "It's something the industry has been waiting for, for quite some time."

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Policy

U.K. Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules

Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January.

FCA building with logo (FCA)

Finance

Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg

The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.

Página de inicio del sitio web de la Autoridad de Conducta Financiera para la organización de regulación financiera del Reino Unido. (Shutterstock)

Policy

UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions

The Financial Conduct Authority has turned down some of the largest crypto firms in the world in the last two years, its CEO Nikhil Rathi told lawmakers at a hearing.

Nikhil Rathi, CEO, UK Financial Conduct Authority

Policy

Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator

The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act last month.

Photo of people entering the FCA building

Policy

UK’s FCA Continues Crackdown on Unregistered Crypto ATMs

The regulator, along with local police, raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.

Cajero automático de bitcoin. (Ivan Radic/Flickr)

Policy

UK Crypto Firms and Regulator Blame Each Other for Industry Exodus

Firms that tried, and failed, to register with the Financial Conduct Authority cite delays and poor feedback. The regulator says it rejected applications for failing to meet requirements.

Some of the U.K.'s crypto companies have found they can continue serving local users without having to go through the Financial Conduct Authority's registration process by simply operating out of a different jurisdiction. (Peter Cade/GettyImages)

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