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Institutional FX
Odey Asset Management Shuts Down amidst Sexual Misconduct Claims
2023-11-01T19:48:25.065+02:00
The closure followed allegations against the firm's Founder, Crispin Odey.
Odey Asset Management is currently going through a reorganization.
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CryptoCurrency
FCA: Bitfinex May Be Promoting Financial Services "Without Our Permission"
2023-10-27T22:54:25.635+02:00
The regulator said that investors dealing with the crypto exchange may not be protected by the FSCS.
"Bitfinex is very disappointed by the action taken by the FCA," the exchange stated.
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CryptoCurrency
Kraken Bolsters UK Presence with Appointment of New Managing Director
2023-10-27T19:51:41.649+02:00
Das is a crypto entrepreneur with experience in the commercial and fintech industry.
His appointment is a strategic move to capitalize on the expanding crypto adoption in the UK.
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CryptoCurrency
Crypto Marketers Face New Hurdles as FCA Tightens Rules
2023-10-25T11:56:13.415+02:00
The agency has identified recurring issues in crypto marketing since new regulations took effect on 8 October.
The FCA has issued 221 alerts and is collaborating with various businesses to curb illegal promotions.
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CryptoCurrency
Binance Pauses New User Registrations in the UK to Meet Ad Regulations
2023-10-16T22:31:44.847+02:00
The crypto exchange is collaborating with the FCA amid ad approval issues.
Existing users can access Binance's services but not new products.
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CryptoCurrency
Binance Prepares for UK's Financial Promotions Regime: Introduces Dedicated Domain
2023-10-06T23:26:52.852+02:00
UK users have been directed to the domain in compliance with the new regulations.
Certain services provided by the crypto exchange will be limited for retail users.
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Retail FX
London's Energy Surge vs. Paris's Luxury Slump: The Battle for Europe's Financial Crown
2023-10-03T12:54:30.596+02:00
London's financial district shows signs of resurgence, closing the gap with its European rivals.
However, the City still faces challenges, including capital outflows and lagging far behind the US in market cap and IPOs.
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Retail FX
News Nuggets | 28 September: NiceHash Exits UK; CFTC Awards Whistleblower over $300,000
2023-09-28T10:44:19.879+02:00
Also, ASIC secures financial penalties for reporting failures; SEC charges for insider trading.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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CryptoCurrency
JPMorgan's Chase UK Joins Growing List of UK Banks Banning Crypto
2023-09-27T08:55:15.966+02:00
Chase UK is set to prohibit crypto transactions starting in October due to a scam surge.
The move follows similar restrictions by other UK banks like NatWest and Santander.
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Retail FX
FCA's Big Screen Debut Targets Investment Hype
2023-09-25T16:28:46.538+02:00
The FCA launched a cinema ad campaign to educate the public about the risks of investment hype.
The ad will be shown before the new film ‘Dumb Money’, which explores the GameStop saga.
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CryptoCurrency
The UK's FCA Sends Final Warning as Crypto Regulation Deadline Nears
2023-09-21T13:46:07.402+02:00
The promotional regime kicks in the next two weeks, and companies still face 'challenges'.
The FCA is reminding about the consequences of failing to comply with the new regulations.
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Retail FX
FCA's New Checks Could Be a Game-Changer for Financial Ads
2023-09-12T12:14:36.583+02:00
The FCA implements new screening checks for firms approving financial ads.
This is another move of the institution in the fight against inappropriate commercials.
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CryptoCurrency
Luno Responds to FCA’s Looming Crypto Rules: Halts UK Investments Temporarily
2023-09-11T23:57:11.894+02:00
The platform will suspend some crypto investments for clients in the UK.
PayPal recently took similar steps to suspend crypto purchases in the UK until 2024.
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CryptoCurrency
FCA: Crypto Firms Face "Significant Challenges" Ahead of Financial Promotions Regime
2023-09-08T15:58:39.574+02:00
The UK's much-anticipated financial promotions regime will be implemented on October 8.
According to the regulator, some companies have overlooked the broader aspect of the regulation.
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CryptoCurrency
End of Cold Calling In the UK: FCA Considers a Complete Ban for Finance and Crypto
2023-08-24T11:23:05.440+02:00
Cold calling is one of the more common methods that fraudsters use in the UK.
The FCA and Treasury want to ban Fintech companies from using this form of marketing.
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Retail FX
OANDA Ventures into Crypto: Acquires UK's Coinpass
2023-08-22T13:20:00.096+02:00
OANDA broadens its horizon by acquiring Coinpass, a UK-based crypto firm.
The merger paves the way for OANDA's entry into the rapidly growing crypto trading sector.
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CryptoCurrency
UK Crypto Firms Brace for Compliance as FCA Sets Deadline for ‘Travel Rule’ Implementation
2023-08-17T18:51:43.877+02:00
Starting September 1, crypto companies in the UK must provide information on transfers.
Crypto firms have until August 25 to provide input on the new guidance.
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CryptoCurrency
PayPal Halts UK Crypto Sales: FCA’s Stricter Rules Take Center Stage
2023-08-16T09:42:47.825+02:00
The company will suspend crypto sales from October in the UK.
This decision arrived as crypto companies face stricter regulations in the UK.
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Institutional FX
FCA Cracks Down on Rogue Financial Promotions among Trading Firms
2023-08-07T21:42:50.999+02:00
The regulator said 1,507 advertisements have been amended.
The FCA has tightened rules for marketing financial services on social media.
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CryptoCurrency
UK’s Top Crime Agency Assembles Crypto Investigators to Tackle Misconduct
2023-07-26T13:25:00.392+02:00
The NCA is hiring blockchain investigators to join the Complex Financial Crime Team.
The CFCT works in partnership with the City of London Police.
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FinTech
The UK Launches the Permanent Digital Sandbox to Fuel Market Innovation
2023-07-20T12:00:15.184+02:00
After successful pilots, the Digital Sandbox will be permanently available from August.
The platform enables the experimentation of early-stage product developments.
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Retail FX
Almost 50% of the UK Traders Feel Inflation Blues and Seek Cheaper Solutions
2023-07-20T09:31:40.019+02:00
Nearly half of the UK's online investors are feeling the pinch of increasing inflation.
Investors are increasingly moving to low-cost trading platforms.
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Retail FX
Robinhood Joins US Brokers in Attempt to ‘Conquer’ the UK
2023-07-18T13:36:23.258+02:00
The retail trading app is looking for industry professionals in London.
The company is preparing to launch its local subsidiary in 2023.
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Payments
The Adoption of Open Banking and Its Impact on the Payments Industry in the United Kingdom
2023-07-17T14:07:18.182+02:00
Get to know the open banking landscape in the UK.
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CryptoCurrency
UK Adopts Crypto and Stablecoins as Regulated Financial Activity
2023-06-30T14:48:57.039+02:00
The new law regulates digital assets and supervises crypto promotions.
Part of the UK's plan is to turn the country into a crypto hub.
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