Cryptocurrency Analysis and News Portal
Adopting capabilities in both regulatory compliance and financial technological innovation, Ramp wants everyone to enjoy the benefits of a decentralized financial set ecosystem.Ramp, in its bid to make cryptocurrency accessible to everyone, has achieved another milestone: its ‘PayPal for Crypto’ service has won the FCA i.e. Financial Conduct Authority registration.
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It has stated a variety of reasons for why the products cannot be “reliably valued” by retail consumers, such as financial crime, volatility and an inadequate understanding of crypto assets being the main ones. It was estimated that retail investors will save $53 million due to this ban. This is
Read MoreFollowing the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cryptox.Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs. Unlike exchange-traded funds, ETNs do not necessarily own the underlying
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The Financial Conduct Authority (FCA) has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of crypto assets to retail consumers.The U.K. financial regulator said it considers these products to be ill-suited for retail consumers due to the harm they pose, asserting
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One of the year’s most profitable decentralized finance tokens, LEND, is not just about the hype. The 24th-largest cryptocurrency
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Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime reporting obligations to include all crypto asset exchange and custodian wallet providers.The regulator says that by extending
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The U.K.’s Financial Conduct Authority (FCA) says the number of British people buying Bitcoin doubled in a year. In a research paper, the authorities said 2.6 million people bought cryptocurrencies at some point.In large part, the FCA’s stance towards crypto assets remains neutral. The regulatory body said that it believes
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The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.”On June 30, the FCA published the results of its latest research into how consumers interact with crypto markets in the U.K. It found that 1.9 million people — 3.86% of the
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The Financial Conduct Authority (FCA) recently added a crypto exchange company, Bitcoin Evolution, to its warning list. According to the U.K. regulator, residents should be cautious of the platform, as is not authorized by the FCA to operate in the country. Bitcoin Evolution Operating Illegally in the U.K The FCA issued the
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Sharing is caring!Early Blockchain and Crypto project Cashaa, has launched a new “Crypto Business/Broker” account to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and the EU Fifth Money Laundering Directive (5AMLD). “We have put our experience of dealing with hundreds of crypto
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