UK FCA chairman expressed concerns about the surge of crypto-related scams throughout such promotions.
Coinpass CEO is optimistic about the crypto industry's future in the UK after the FCA's approval.
The FCA first flagged Binance Markets Limited in June.
The largest exchange, Binance announced today that the purchase of stock tokens will be discontinued on the platform post-October 14th, i.e., within the next 90 days. Investors have been advised to clear their stock token accounts before the said timeline. Binance stock tokens included big names like Tesla, Coinbase, Microsoft, and Apple. “we will be The post Binance Discontinues Stock Token Services appeared...
UK watchdog, the Financial Conduct Authority (FCA) has announced the launch of its upcoming digital marketing campaign worth £11m to alert the younger investors in the crypto community of the risks in the crypto market. Nikhil Rathi, the chief executive officer delivered a speech at the ‘FCA’s Our Role and Business Plan webinar’. He expressed The post UK Watchdog FCA Announces £11 M...
Following a wave of unfavorable stories surrounding Binance in recent weeks, another player has decided to disassociate itself from the exchange. One of Binance’s payment partners in Europe, Clear Junction, has suspended facilitating payments to the crypto exchange. Clear Junction Cut Binance Off In recent weeks, Binance has had to deal with a slew of regulatory problems. Following similar steps by Barclays and...
Changpeng Zhao, Binance CEO tweeted today, how the crypto exchange giant believes in solving problems over engaging in debates or fights. However, none of Binance problems are close to a solution, instead, the arena of trouble has been expanding for Binance. The number of nations that have issued some form of regulatory warning for Binance The post Is Binance in Trouble? Regulatory actions...
A total of 64 crypto companies have taken their applications back.
Why did the FCA issue a warning against Binance Markets Limited?
The move follows Friday's Japanese FSA warning
The regulator has mandated the registration of UK crypto firms.
Firms that applied for registration before December 16, 2020, will be eligible under the scheme.
Crypto businesses and users are now showing a more serious attitude towards the matters of KYC.
In a major development, British Westminster Bank NatWest has come to the rescue of crypto investors. In order to protect investors from dubious crypto schemes and crypto scams, NatWest has launched an 'urgent' crypto scam alert...
The FCA has warned investors of the risks associated with investing in cryptoassets. Their article references potential dangers, including the lack of protection for consumers and the price volatility of cryptoassets. "Prepare to Lose All Your Money" Great Britain's Financial Conduct Authority (...
The Financial Conduct Authority said investors in cryptocurrency products offering high returns should be prepared to lose "all their money."
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