Cryptocurrency use in the United Kingdom is rising fast. Recent Financial Conduct Authority (FCA) research shows that about 12 percent of UK adults now own cryptoassets, …
A recent review conducted by the Financial Conduct Authority (FCA) has found that some challenger banks have significant weaknesses within their financial crime controls, and ...
A recent review conducted by the Financial Conduct Authority (FCA) has found that some challenger banks have significant weaknesses within their financial crime controls, and need to improve how they assess financial crime risk.
GCEX, an FCA regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity in digital assets and FX has opened an office in Kuala Lumpur.
To my mind remarkably, Binance seemed to find my minimal regulatory knowledge sufficient to believe I was indeed an expert of ten years’ experience, and duly offered me the role of Senior Regulatory Advisor.
Is Binance serious about becoming “even more compliant?” Or are they simply seeking to hire a couple of people who appear to be experts, just so they can say to the regulators that they have? The company might make grand announcements about doubling its number of compliance staff, but that does not mean much if this is how they are going about their recruitment.
How much of the Ghislaine Maxwell trial affected the exit of previous CEO, Jes Staley, is hard to say. But today is all about the new CEO of Barclays. Coimbatore-Sundararajan “C. S.” Venkatakrishnan, or 'Ventak'.
With unregulated crypto assets growing 200% this year alone from just under $800 billion to $2.3 trillion, and banks and hedge funds now becoming involved, the Bank of England is worried about contagion if the value of coins and tokens held deflates rapidly.
Fusion continues to grow rapidly and now counts five global systemically important banks (GSIBs), 50% of the top 10 largest US domestic banks, and more than 120 leading financial institutions globally as customers.
The FCA alleges that increasingly large cash deposits were made into the customer’s accounts. It is alleged that around £365 million was paid into the customer’s accounts, of which around £264 million was in cash.
‘The use of BNPL products nearly quadrupled in 2020 and is now £2.7 billion, with 5 million people using these products since the beginning of the coronavirus pandemic.’
We wrote about the dire warnings released by the FCA just this week as well. Following on from which it is also widely reported that banks in the UK are preventing their customers from depositing gains from their cryptocurrency assets.
