UK warns Premier League clubs that crypto sponsors could risk legal issues
The UK’s financial watchdog warned Premier League clubs that partnerships with unauthorised crypto firms might lead to legal trouble.
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The UK’s financial watchdog warned Premier League clubs that partnerships with unauthorised crypto firms might lead to legal trouble.
Read more (2 min) →The United Kingdom's Financial Conduct Authority has issued a warning that Retardio "is not authorised" by the regulator.
The UK's Financial Conduct Authority told UK users to avoid Pump Fun after warning it is not an authorized crypto firm.
Starling banned crypto transactions in 2022, describing them as “high risk and heavily used for criminal purposes.”
— Crypto ATM, FCA
The FCA charged the man with document forgery alongside the illegal operation of a $3.4 million crypto ATM network.
A Freedom of Information request revealed crypto asset firms registering with the UK's financial regulator have fallen 51% over three years.
The UK’s financial watchdog, the FCA, says it's aiming to approve more crypto firms after previously rejecting up to 86% of applicants.
The UK's Financial Conduct Authority (FCA) has been criticized by the National Audit Office for acting too slow to enforce crypto laws.
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.
— FCA, Regulation
The FCA's warning list shows "details of unauthorized firms and individuals that we’re aware of, that aren’t allowed to operate in the UK."