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UK FCA wants to include crypto firms in financial crime reporting rules

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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UK Financial Watchdog Grants Licenses to Archax and Gemini

The UK’s Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges operating in the country: digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini exchange.According to the Financial Conduct Authority (FCA) website, both Archax and Gemini Europe Services are currently registered in the U.K.

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