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The uk
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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ATFX Connect at FMLS 2024: Showcasing Leadership and Innovation
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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CryptoCurrency
Watch Out for This Popular Crypto Exchange Clone
2024-02-12T12:41:49.410+02:00
A scam company is again impersonating Coinbase, this time in the UK.
Be wary of emails and phone calls from people posing as platform representatives.
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Retail FX
FCA Flags over 50 Unregistered Firms Promoting Financial Services
2024-01-29T20:22:23.854+02:00
The flagged entities include Extron Exchange, Crypto Miners Limited, Trusted Coinmining, and Capital Wave FX.
The FCA cautioned investors of these firms that they will not access the protection of the Financial Ombudsman Service.
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Retail FX
Europe's ETF Market Expands, Challenges US Dominance: Expert's Insights
2024-01-29T18:03:19.782+02:00
Innovation is important in the evolution of ETFs.
Bond ETFs lead the way in the industry.
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Retail FX
XTB Introduces Autoinvest Feature to Boost Investment Plans in the UK
2024-01-25T15:14:10.543+02:00
This feature allows investors to engage in regular and automated investing.
XTB has launched a marketing campaign in the UK to promote the benefits of this new offering.
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FinTech
The Great Fintech Slowdown: US and UK's Funding Struggle in 2023
2024-01-08T13:16:58.478+02:00
US fintech funding falls 36% to $18.2 Billion in 2023, while the UK sees 63% drop to $4.2 Billion.
Economic challenges lead to those significant downturns in the biggest fintech economies.
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Retail FX
FCA Cancels Apex Legal Limited's Regulatory Permit
2024-01-05T17:48:12.777+02:00
This decision was triggered by the firm's failure to engage in regulated activities.
Apex Legal Limited received its authorization from the FCA in 2016.
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CryptoCurrency
OKX Achieves Compliance Just Days before UK Crypto Rule Deadline
2024-01-02T21:54:53.042+02:00
OKX aligns with upcoming UK crypto regulations by introducing user questionnaires, starting from January 8th.
It joins Binance and MoonPay in complying with the UK's new crypto regulations beginning next Monday.
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Retail FX
FCA Cancels 1,266 Unauthorized Firms, Imposes Record Fines in 2023
2023-12-28T16:10:25.037+02:00
FCA intensifies actions against misleading financial ads and unauthorized firms in the UK.
Record fines and firm cancellations mark FCA's robust approach to protect consumers.
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Retail FX
Beware the Clone: UK Watchdog Flags Fake Spreadex Site
2023-12-22T14:21:45.677+02:00
Scammers use a domain name strikingly similar to spreadex.com.
Clone firms trick investors with false promises, leading to financial losses.
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Institutional FX
FINMA Aligns Derivatives Rules with EU, UK: Extends Transitional Period for Equity Options
2023-12-20T17:33:13.400+02:00
This extension for equity options lasts until January 2026.
It aims to prevent Swiss derivatives traders from facing disadvantages.
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Retail FX
Regulators on High Alert: FCA, SFC, and FSC Issue New Warnings
2023-12-20T13:23:24.911+02:00
New entities flagged for lacking investment service licenses.
Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
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CryptoCurrency
Revolut Halts Crypto Purchases for UK Business Customers: Report
2023-12-18T20:39:42.565+02:00
This step is in response to the regulations imposed by the FCA.
The suspension will be effective from January 3, 2024.
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Payments
UK Contemplates Visa and Mastercard Fee Caps Amid Crypto Disruption
2023-12-14T14:19:07.983+02:00
Can cryptocurrencies disrupt Mastercard and Visa's 99% stronghold?
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Retail FX
Regulatory Sloth: FCA Sluggish in Adapting to Financial Market Crimes
2023-12-11T12:39:58.196+02:00
The FCA is undergoing major reform to combat financial crime faster.
A National Audit Office report has highlighted the need to effectively manage these changes.
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FinTech
SumUp Raises over $300M, Defies European Fintech Trend
2023-12-11T11:08:24.918+02:00
The company boosted its valuation and global fintech reach.
However, the broader industry is experiencing a funding slump.
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Retail FX
FCA Issues 1,716 Warnings about Unregistered Firms from April 2022 to March 2023
2023-12-08T19:25:27.471+02:00
The regulator prevented 1 in 5 new consumer investment firms from entering the market.
Inquiries about potential scams have increased 12% annually since 2020.
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Institutional FX
FCA: Cash Savings Market Experiences Surging Interest Rates
2023-12-06T15:37:16.691+02:00
Easy access accounts are offering interest rates exceeding 5%.
FCA's intervention has led to a decline of £11 billion in non-interest-bearing accounts.
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Retail FX
Robinhood Aims for the UK Market Comeback in 2024, Third Time Around
2023-11-30T09:25:58.935+02:00
The platform has already undergone two unsuccessful attempts to enter the UK market.
It is undertaking its third attempt, initially without access to British financial instruments.
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CryptoCurrency
UK Government Urges Disclosure of Unpaid Crypto Taxes, Warns of Penalties
2023-11-29T18:41:03.294+02:00
Failure to comply within 30 days may lead to penalties in the UK.
The UK government is planning to incorporate crypto in self-assessment forms.
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Retail FX
FCA Implements "Polluter Pays" Rule to Safeguard Personal Investments
2023-11-29T10:14:11.801+02:00
New reserves would cover poor advice redress.
The regulator is now starting the consultation period, which runs until March 2023.
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FinTech
Revolut Contemplates Auditor Swap Ahead of Banking License Decision
2023-11-28T17:55:23.041+02:00
The company has disputed a recent audit report.
This move has raised a concern about the impact on Revolut's application for a banking license.
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FinTech
Fintech Firm Volt Rides Wave of Series B Funding to Australian Shores
2023-11-23T10:50:36.743+02:00
The company is expanding its payment technology.
Local Megatix is the first to adopt Volt for quicker transfers.
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Retail FX
Interactive Brokers Targets UK Savers with Trading Commission Credit Promotion
2023-11-07T20:16:32.253+02:00
The brokerage firm is offering a commission credit of £55 for ISAs in the UK.
This promotion allows users to access global securities and tax benefits.
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CryptoCurrency
FCA's Q3 Report Reveals 5,310 Amended Financial Promotions amid Regulatory Scrutiny
2023-11-03T16:29:10.446+02:00
Unauthorized firms faced 488 alerts, with 11% of them attributed to clone scams.
The UK's markets watchdog is focusing on the new financial promotions regime.
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CryptoCurrency
FCA Unveils Fresh Guidance amidst Crypto Marketing Turmoil in the UK
2023-11-02T15:31:18.954+02:00
The new crypto marketing rules have been in effect in the UK for a month.
Many firms still fail to meet the requirements, so the FCA is publishing new guidance.
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