Thursday, March 28, 2024
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UK Financial Conduct Authority Working on Blue Print for Fund Tokenization Due This Year

FCA, the U.K.'s financial regulator, published a discussion paper in February this year on updating and improving a regime for asset management in the country. The paper touched on "how fund managers might adopt distributed ledger technology to offer fully digitised funds to the public," Alder said. Source

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The UK Financial Conduct Authority Is Designing Prudential Requirements for Firms Carrying out Crypto Activities

The regulator, which is in charge of maintaining a registry of crypto firms approved for operations under the country's anti-money laundering requirements, will also consult on prudential rules for companies engaged in crypto activities once the "Treasury and Parliament bring those activities under our regulation," the regulator said in its

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Social Media Celebrity Influencer Crypto Promotions May Breach UK Law Even if They’re Not Paid, Financial Conduct Authority Says

If they communicate financial promotions without approval of an authorized person, they are likely to be "communicating an illegal financial promotion," the FCA said. Influencers who fall within the scope of the FCA rules would need to make sure that their promotions are fair and not misleading. Source

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Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct in Ira Kleiman case, U.S. Judge Says

Magistrate Judge Bruce Reinhart issued the ruling as a case grinds on between Wright, who claims to be Satoshi Nakomoto, the pseudonymous author of the 2008 Bitcoin white paper, and Ira Kleiman, who claimed rights to crypto he said was mined by his late brother David. Source

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