Friday, November 15, 2024
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Diginex’s crypto custody arm receives green light from UK financial watchdog

Financial regulators in the U.K. have approved Digivault, the security token custody arm of digital assets group Diginex, to register as a custodian wallet provider.In an announcement from Diginex today, the firm said the Financial Conduct Authority, or FCA, had given the green light to Digivault to register as a

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UK crypto firms must now submit yearly financial crimes reports

The United Kingdom's Financial Conduct Authority has included cryptoasset businesses under the financial crimes reporting umbrella eight months after initially announcing plans to do so.The FCA made this known via a policy statement issued on its website on Wednesday. This move comes as the country’s financial regulator has increased the

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UK authorities to focus on stablecoin regulations to prevent monopolies

John Glen, the United Kingdom's financial services minister, has said that stablecoins will be the main focus of the government’s crypto regulatory activity.Glen made delivered his comments while addressing a conference organized by City & Financial Global on Tuesday, Reuters reported.For Glen, the U.K.’s decision to prioritize stablecoins over regulating the broader

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