Cryptocurrency Analysis and News Portal
With the FCA’s new regulations, UK crypto firms face enhanced oversight, setting a potential global precedent for crypto marketing standards. Read how. On Oct. 8, 2023, the Financial Conduct Authority (FCA) unveiled a fresh set of rules governing the promotion of crypto assets, a move aimed at bolstering the protection of
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The recent decision by Bybit to suspend its operations in the United Kingdom is not an isolated incident within the crypto industry. In a sudden turn of events, crypto exchange Bybit has announced its decision to suspend its operations in the United Kingdom. This move comes just a week after the
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"Crypto remains high-risk and the new rules are aligned with the existing rules for promoting other high-risk investments. We’ve conducted extensive consumer research, behavior testing and considered responses to both our discussion and consultation paper on the matter," an FCA spokesperson said in an email to CryptoX. "These rules are
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The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority.According to the FCA list of registered cryptoasset firms as of June 13, Bitstamp U.K. Limited and Interactive Brokers Limited became the first companies to join other registered entities in
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The U.K.’s strict crypto financial promotions rules will come into effect on Oct. 8, according to a report the FCA published on Thursday. Under these rules, crypto will be categorized as a “restricted mass market investment,” and will require adverts on crypto to have clear risk warnings. What’s more, incentives
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The United Kingdom's Financial Conduct Authority’s (FCA) recently appointed chair has presented an unfriendly attitude toward cryptocurrencies in a cross-party Treasury select committee meeting.Ashley Alder, who will assume control of the FCA in February, told Treasury members on Dec. 14 that cryptocurrency-related businesses were "deliberately evasive" and suggested the sector
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The U.S. economy added 372,000 jobs in June, more than the expected 250,000 according to Dow Jones estimates. Ruchir Sharma of Rockefeller International and Marc Chandler of Bannockburn Global Capital joined "First Mover" to share their views on global markets and the impact of macro headwinds on crypto. Plus, Ray
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CryptoX is preparing for the invest: ethereum economy virtual event on. Oct. 14 with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us.The Top Shelf news you subscribed to is down
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Since the days of the British Empire, the United Kingdom has been one of the world’s largest and most influential economic powerhouses. Even though its financial control over the world has substantially decreased, the country is still one of the most culturally relevant regions in the world, especially when
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