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News

UK’s Ads Regulator Sends Notice to over 50 Crypto Companies

The agency clearly instructed them to comply with the rules.
It is working with the FCA for a crackdown in the industry.

Tuesday, 22/03/2022 | 06:46 GMT by Arnab Shome

Retail FX

Reyker Securities’ Clients Received 98.25% of Their Money

The administrators are still receiving claims from the collapsed firm’s clients.
The company entered into administration in 2019.

Thursday, 17/03/2022 | 10:36 GMT by Arnab Shome

Regulation

UK Agency Wants Regulations on Crypto Mixing Services

These services are often used by criminals to hide ill-gotten cryptocurrencies.
Regulations would force these platforms to comply with anti-money laundering rules.

Tuesday, 15/03/2022 | 11:50 GMT by Arnab Shome

Executive Moves

Xavier Rolet Resigns as PhosAgro Chairman amid Sanctions on Russia

The executive was facing heavy pressure to resign from the position.
The announcement comes days after the LSE suspended the trading of PhosAgro shares.

Thursday, 10/03/2022 | 19:47 GMT by Felipe Erazo

News

UK Regulator Continues Crypto Ad Crack Down, Bans Ziglu's Campaign

The platform ran an extensive crypto ad campaign in Edinburgh, Scotland.
It was displayed across 200 outdoor locations in the city.

Wednesday, 09/03/2022 | 11:24 GMT by Arnab Shome

Retail FX

FCA Receives 279 Whistleblowing Reports in Q4 2021

In total, there were 525 allegations of financial wrongdoings.
Most of the allegations were about fitness and propriety.

Tuesday, 01/03/2022 | 12:29 GMT by Arnab Shome

Institutional FX

UK Sanctions 5 Russian Banks and Three High-Net Worth Individuals

The sanctions come in response to Russia sending troops to Donetsk.
The US is expected to announce its sanctions within hours.

Tuesday, 22/02/2022 | 13:40 GMT by Matti Williamson

News

Bitpanda Enters UK Acquiring FCA-Regulated Trustology

It will rebrand Trustology to Bitpanda Custody.
The terms of the deal were not disclosed.

Tuesday, 22/02/2022 | 13:27 GMT by Arnab Shome

News

Singapore Fintech TranSwap Gains EMI License in the UK

It has an extensive presence in Southeast Asia.
The company eyes to enable UK businesses to expand into the Asian markets.

Friday, 11/02/2022 | 11:55 GMT by Arnab Shome

Regulation

FCA Suspends Four European Firms from Operating under TPR

Two of these companies are based in Cyprus.
None of them responded to FCA’s mandatory information requests.

Tuesday, 18/01/2022 | 12:46 GMT by Arnab Shome

News

British Payments Regulator Fines Mastercard and 4 Others £33M

The companies violated the competition law of the country.
Mastercard faced the highest fine with £31.5 million.

Tuesday, 18/01/2022 | 09:01 GMT by Arnab Shome

Executive Moves

Swissquote UK CEO Federico Cirulli Steps Down

He spent eight years with the broker.
Michela Pollini and Jack Rawlings have been appointed as Executive Directors.

Friday, 14/01/2022 | 07:10 GMT by Arnab Shome

News

House of Lords Raised Serious Concerns over UK CBDC Launch

The committee is worried about the possibility of bank runs.
A joint task force is striding the feasibility of a digital pound launch.

Thursday, 13/01/2022 | 12:23 GMT by Arnab Shome

News

NYDIG-Subsidiary Bottlepay Gets FCA Approval as Crypto Business

It is one of the very few companies to gain the FCA nod.
It has become the first lightning network startup in the UK.

Tuesday, 11/01/2022 | 11:26 GMT by Arnab Shome

Regulation

UK Ads Regulator Slams Arsenal FC for Fan Token Promotion

Arsenal partnered with Chilliz to launch a fan token.
The agency flagged two of the promotional ads of the football club.

Wednesday, 22/12/2021 | 09:19 GMT by Arnab Shome

Institutional FX

Standard Chartered Bank Fined £46.5 Million for Regulatory Failures

This is the highest penalty imposed by the PRA in an individual enforcement case.
The bank has agreed to rectify the lapses in its system.

Monday, 20/12/2021 | 10:37 GMT by Arnab Shome

News

UK Regulator Clamps Down on eToro, Coinbase for ‘Misleading’ Crypto Ad

Both the companies have already taken down the advertisement.
They were ordered not to run those ads in the previous form.

Wednesday, 15/12/2021 | 10:17 GMT by Arnab Shome

Brokers

Axi’s UK Subsidiary Sees 46% Jump in FY21 Client Revenue

It ended the fiscal with a net profit of £1.9 million.

Wednesday, 08/12/2021 | 09:18 GMT by Arnab Shome

News

Binance Plans to Seek FCA Approval in the UK

The exchange is hiring former regulatory staff in the country.

Monday, 06/12/2021 | 13:26 GMT by Arnab Shome

Brokers

Britain’s AJ Bell Will Launch a Zero-Fee Investment App

The new platform will hit the market in the first half of 2022.

Monday, 29/11/2021 | 11:38 GMT by Arnab Shome

Regulation

UK FCA Says ‘Poor Quality’ Paperwork Is Delaying Authorizations

The British watchdog said that it was committed to improving its processes generally.

Wednesday, 24/11/2021 | 19:54 GMT by Felipe Erazo

Institutional FX

House of Borse Sees 26% Revenue Dip in FY21

The brokerage managed to generate a pre-tax profit of £14,839 for the year.

Thursday, 11/11/2021 | 07:39 GMT by Arnab Shome

News

UK Bitcoin Miner Jailed for Stealing Electricity to Run Two Mining Farms

The individual was sentenced to 13 months and two weeks in prison at Leicester Crown Court.

Thursday, 14/10/2021 | 20:20 GMT by Felipe Erazo

Brokers

eToro (UK) Revenue Jumps 717% in 2020

The UK unit contributed 7 percent to the overall group revenue last year.

Thursday, 14/10/2021 | 09:14 GMT by Arnab Shome

News

SmartTrade Technologies UK Posts Marginal Gain in FY21 Profits

The UK unit generated a net profit of £2.13 million in the year.

Wednesday, 13/10/2021 | 10:20 GMT by Arnab Shome

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