TikTok accused of operating as crypto exchange in the UK, report
A letter to the UK's FCA claims that because TikTok is not registered with the regulator, it is at risk of being used for illicit activities.
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It took UK regulator ‘25 years’ to assess all crypto applications
A Freedom of Information request revealed crypto asset firms registering with the UK's financial regulator have fallen 51% over three years.
FCA tackles ‘operational backlog’ with 100 crypto staff
The UK’s financial watchdog, the FCA, says it's aiming to approve more crypto firms after previously rejecting up to 86% of applicants.
FCA identifies three major problems with UK crypto promotions
Crypto promotions came under the FCA's remit earlier this month and it has highlighted three red flags that it will be cracking down on.
Two-thirds of UK crypto firms skip vital ‘know your business’ checks
Research also showed that 70% of high street banks and 56% of challenger banks don't carry out necessary 'know your business' verification.
New crypto traders need ‘cooling-off’ period rules UK watchdog
Under new rules from the FCA, crypto firms will also be required to warn traders that they won't be protected "if something goes wrong."
UK watchdog FCA warns crypto firms miss money laundering
The FCA says crypto firms are producing too many "red flags" while critics warn the regulator may need to ease its crypto approach.