Tagged: fca

July 21, 2025 @ 10:50 am By JD Alois  |  

The UK aims to establish itself as a global cryptocurrency hub. This being said, they will not tolerate bad actors and hooligans. Last week, the Financial Conduct Authority (FCA) announced that it had “seized” seven crypto ATMs, while arresting two individuals on allegations of operating… Read More

July 21, 2025 @ 8:06 am By JD Alois  |  

Buy Now, Pay Later (BNPL) services have emerged as a popular method for consumers to access credit. Typically offered at the point of sale, BNPL providers can offer immediate credit, frequently at a lower interest rate than traditional credit cards. While providing a good service… Read More

July 14, 2025 @ 12:12 am By Omar Faridi  |  

The Financial Conduct Authority (FCA)’s annual report sets out how it has used data and technology to crack down on harm in financial services. As part of the report, the FCA shares that over 1,600 websites suspected of promoting financial services without permission were suspended, removed,… Read More

July 13, 2025 @ 5:34 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has released its Consultation Paper and Policy Statement (CP25/18) addressing non-financial misconduct (NFM) within the financial services sector. Effective from September 1, 2026, these new rules extend the FCA’s Code of Conduct (COCON) to non-banking firms, aligning their regulatory… Read More

July 9, 2025 @ 9:57 pm By Omar Faridi  |  

Ziglu, a digital banking and crypto platform founded by former Starling Bank co-founder Mark Hipperson, has entered special administration, signaling severe financial distress. Ziglu was a high-profile Fintech startup that raised growth capital in several investment crowdfunding rounds. At one point, US based Robinhood was… Read More

July 8, 2025 @ 6:23 am By JD Alois  |  

Monzo, a top UK-based digital bank, has been hit with a penalty of £21,091,300 for “inadequate anti-financial crime systems and controls.” In a public statement the UK Financial Conduct Authority said the infratctions took place between October 2018 and August 2020. The FCA stated that… Read More

June 14, 2025 @ 4:15 pm By Omar Faridi  |  

The Financial Conduct Authority (FCA) has recently outlined a transformative agenda to bolster economic growth and enhance the UK’s standing as a leading financial center. Through a combination of regulatory reforms, innovative initiatives, and a rebalanced approach to risk, the FCA is working to create… Read More

June 11, 2025 @ 9:41 am By JD Alois  |  

This week, the UK Financial Conduct Authority revealed a new Sandbox, the Supercharged Sandbox, in partnership with NVIDIA, in a move designed to fuel artificial intelligence (AI) growth. The UK has been a trailblazer in creating Fintech sandboxes as a way for innovators to experiment… Read More

June 10, 2025 @ 8:20 am By JD Alois  |  

The Private Intermittent Securities and Capital Exchange System (PISCES) is scheduled to launch later this year. In a statement, the UK Financial Conduct Authority (FCA) announced that the new marketplace would be introduced through a sandbox to test its design. The sandbox is now open,… Read More

June 9, 2025 @ 3:00 am By JD Alois  |  

Artificial intelligence (AI) is all the rage today, with expectations that all sectors of industry will be transformed as software takes over both mundane and complex tasks. While there remains an element of concern as to how AI could develop, perhaps becoming “self-aware,” the reality… Read More

June 6, 2025 @ 9:34 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is erasing its ban on crypto-based Exchange Traded Notes (ETNs) as government policy aims to support digital asset innovation. ETNs are different from ETFs in the US. A breakdown of the assets is available here. In a release, David… Read More

June 5, 2025 @ 7:01 pm By JD Alois  |  

In general, celebrities and influencers are typically most beneficial when others are telling them what to do and how to act. Otherwise, they really should be ignored. This is even more important when it comes to policy and financial advice. Well, the UK Financial Conduct… Read More

May 29, 2025 @ 11:54 am By JD Alois  |  

The Crypto Council for Innovation, an advocacy group for the digital asset sector, is welcoming the two consultations launched by the UK Financial Conduct Authority addressing the clarity of regulation for the digital asset industry, including the key stablecoin industry. The consultations cover the issuance… Read More

May 29, 2025 @ 11:35 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is in the midst of two consultations that will impact digital assets or crypto. As the world has taken a recent change in embracing digital asset innovation, the FCA wants to stay in the game, supporting responsible innovation and… Read More

May 14, 2025 @ 10:11 pm By Omar Faridi  |  

GFO-X announced the launch of its UK FCA regulated trading venue “for centrally cleared digital asset derivatives.” The venue is designed to meet the institutional demand “for transparent, and compliant digital asset futures and options.” GFO-X brings together market infrastructure, liquidity, and central clearing to… Read More

May 8, 2025 @ 7:08 am By Omar Faridi  |  

The Financial Conduct Authority has granted regulatory approval to BBB Investment Services Limited, the British Business Bank’s third-party arm, to provide investment services to clients. This is reportedly an important first regulatory step in the preparation for launch of the British Growth Partnership. Announced at… Read More

May 6, 2025 @ 11:02 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has taken a pivotal step toward shaping the future of cryptocurrency regulation by issuing a discussion paper seeking views on the oversight of specific crypto-assets related activities. This move signals the FCA’s intent to address regulatory gaps, foster innovation,… Read More

May 2, 2025 @ 5:10 pm By JD Alois  |  

While crypto trading has boomed globally, few jurisdictions have bespoke rules that regulate it like more traditional exchanges. The UK Financial Conduct Authority is now seeking to bring crypto exchanges into a better-structured regulatory remit, and it is seeking feedback from interested parties. Earlier this… Read More

April 29, 2025 @ 10:56 am By JD Alois  |  

Last week, FCA Chief Data, Information, and Intelligence Officer Jessica Rusu delivered a speech on the regulation of digital assets. Delivered at the CityUK International Conference 2025, Rusu said the regulator is supporting growth via innovation while reducing regulatory burdens. She noted that entrepreneurs are “looking for predictability,… Read More

April 16, 2025 @ 9:00 pm By Omar Faridi  |  

Bullish, which claims to be one of the “fastest-growing” regulated digital asset exchanges, announced a partnership with Archax, the FCA-regulated digital asset exchange, broker, and custodian. The collaboration aims to enhance liquidity for stablecoins launched by Archax on the Bullish Exchange, by “utilizing Bullish’s proprietary… Read More