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The UK
7th Largest Crypto Exchange Relaunches in The UK Market, Offering 150+ Tokens
- Bitget is back in the country after fully complying with the newest crypto and financial promotions regulations.
- The UK clients could help expand the current user base of 45 million and boost trading volumes even further.
Tuesday, 12/11/2024 | 10:00 GMT by
Damian Chmiel
FCA's New Disclosure Rules: What Every Regulated Firm Must Know Now
- The regulator implements reform of enforcement disclosure procedures following the Upper Tribunal recommendation.
- Changes include broader document review standards and enhanced staff training.
Monday, 11/11/2024 | 15:54 GMT by
Damian Chmiel
The UK Regulator Opens Doors for GTN's European Growth Push
- The company has secured FCA authorization, expanding its regulatory footprint.
- This move enables GTN to offer Tripartite Model B services, strengthening its position in the financial services sector.
Wednesday, 06/11/2024 | 09:43 GMT by
Damian Chmiel
FCA License Holders: Your 12-Month Countdown to New Market Rules Begins
- The regulator has unveiled major reforms to the bond and derivatives market, aiming to strengthen the UK's position as a global financial hub.
- The changes, effective December 2025, will simplify reporting requirements while improving investors' access to market data.
Tuesday, 05/11/2024 | 10:56 GMT by
Damian Chmiel
FCA Has No Intention of Easing Its “Too Tough” Approach to Crypto Regulations
- Crypto innovations built on unsafe or unregulated bases, like houses built on sand, are likely to collapse.
- The market watchdog aims for “a crypto sector that's built on reliable, sturdy foundations” instead.
Monday, 21/10/2024 | 10:01 GMT by
Damian Chmiel
This London Man's £2.6M Crypto ATM Scheme Just Blew Up in His Face
- The UK's watchdog has charged a 45-year-old businessman for operating illegal BTC machines.
- It marks FCA's first criminal prosecution for unregistered crypto activities in the ATM sector.
Tuesday, 10/09/2024 | 09:14 GMT by
Damian Chmiel
UK's Court Rules against Billionaire Quant Trader Alex Gerko in £22.5M Tax Dispute: Report
- Bloomberg reported that the appeal judges ruled that Gerko and other traders at GSA Capital Partners must pay income tax on their share of trading profits.
- Gerko has criticized the ruling, calling the tax laws complex and unreasonable, and plans to challenge the judgment.
Monday, 22/07/2024 | 12:51 GMT by
Jared Kirui
The UK Faces Potential “Crypto Catastrophe” Due to Staff Shortages at FCA
- The FCA has expanded its crypto workforce to over 100, but according to Quant, its policy team remains understaffed.
- The company forecasts, that this staffing imbalance poses challenges for effective crypto regulation in the UK.
Wednesday, 17/07/2024 | 12:50 GMT by
Damian Chmiel
FCA Cracks Down on SVS Securities Executives for Pension Fund Mismanagement
- They face fines and bans for allegedly investing £69.1 million of customer funds in high-risk bonds.
- According to the FCA, SVS execs prioritized company profits over client interests.
Monday, 24/06/2024 | 09:23 GMT by
Damian Chmiel
FCA and Police Collaborate in Arrests over Suspected Illegal Crypto Exchange
- Authorities seized devices and interviewed suspects, who were then released on bail.
- The exchange allegedly facilitated over £1 billion in unregistered crypto asset transactions.
Thursday, 20/06/2024 | 10:13 GMT by
Tareq Sikder
Court Sentenced Him to 4 Years in Prison, Now FCA Urges Investors to Claim Compensation
- The regulator calls on victims of Hudson's fraudulent activities to claim their share of court-ordered compensation.
- He was sentenced to 4 years behind bars in 2021 for his operations.
Thursday, 20/06/2024 | 07:43 GMT by
Damian Chmiel
You Will Earn the Most in These Two Financial Technology Sectors, Survey Finds
- The fintech industry has seen significant changes in hiring and salaries, according to Harrington Starr.
- Cyber security and IT are two places that attract the most people due to their high earnings.
Thursday, 13/06/2024 | 13:09 GMT by
Damian Chmiel
Revolut Moves HQ to Heart of London's Financial District amid Big Bank Departures
- The UK fintech is set to move into a new base in the YY London building in Canary Wharf.
- The move comes as the company expands its workforce and awaits approval for a UK banking license.
Thursday, 13/06/2024 | 07:28 GMT by
Damian Chmiel
Visa and Mastercard Face Fresh Trouble in the UK as Tribunal Approves Merchant Lawsuits
- The Competition Appeal Tribunal in London ruled that collective lawsuits against Visa and MasterCard over fees can continue.
- This ruling enables more merchants to join forces in seeking damages.
Friday, 07/06/2024 | 18:14 GMT by
Jared Kirui
UK, Singapore Eye Private Capital in Commitment to Sustainable Finance and Fintech
- The two countries aim for standardized disclosure frameworks and mobilization of private capital for green finance initiatives.
- Recent discussions between the two nations also focused on artificial intelligence, crypto assets, and central bank digital currencies.
Wednesday, 08/05/2024 | 12:55 GMT by
Jared Kirui
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