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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The UK’s Financial Conduct Authority (FCA) will introduce a Digital Sandbox to support technology firms during their early product development stages. The initiative will be permanently available from August 1 and will support emerging technologies such
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A sandbox provides a secure setting in which developers can test and evaluate their products in the knowledge that any unintended side effects will be isolated from a live environment. The FCA's offering can be configured to support a number of distributed ledgers and digital-asset use cases, like building interoperability
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The FCA has turned down some of the largest crypto firms in the world in the last 18 months, its CEO Nikhil Rathi told lawmakers at a hearing. Original Source
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It is more important than ever, with increasing cost of living pressures, for firms to ensure their customers are receiving fair value on their savings. We note that some firms have raised the rates of existing savings products, and others have taken positive steps to communicate with their customers to ensure
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The UK’s financial regulator has unveiled new proposed guidelines requiring crypto firms and influencers to add disclaimers to crypto-related memes. In its recently released guidance on social media financial promotions, the Financial Conduct Authority (FCA) specifically targets
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The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.On Feb. 14, the FCA gave an ultimatum to all crypto ATM operators in the UK — to either comply with regulations or wind down
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"As these permissions were unlikely to be required in the future, Binance Markets Limited decided that it would be prudent to cancel them in line with the FCA’s recommendations to keep these updated," the spokesperson for Binance said. "This decision has no impact on Binance.com, which does not own or
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Binance has been considering expanding its business to the UK and other regions due to the crackdown on crypto exchanges in the US. Following its lawsuit with the United States Securities and Exchange Commission (SEC), the global leading digital asset service provider Binance has withdrawn its registration of Binance Markets Limited
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“Due to bitcoin's relatively short existence, we have to rely on the fundamental concepts of what it represents as an asset, so theoretically, it being of limited supply while being priced in U.S. dollars, it should act as an inflation hedge,” Butterfill told CryptoX. Source
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In a June 8 announcement, the United Kingdom’s Financial Conduct Authority (FCA) said that from Oct. 8, advertisers of crypto services in the U.K. would be subjected to stricter regulations.The watchdog has mandated that crypto companies in the U.K. implement a “cooling-off period” for first-time investors. Additionally, as part of
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