Latest FCA warning gives UK crypto firms one last chance to avoid prison
The UK’s financial regulator FCA issued a severe warning to all crypto firms: fall in line or risk getting thrown in prison.
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 warns crypto firm FTX is unregistered — it could be a scam
The FCA has issued a warning for a firm called FTX. A spokesperson for the crypto firm says it’s likely an impersonation scam.
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.
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