UK’s Ban on Crypto Derivatives Goes Into Effect Today

The Financial Conduct Authority ban on the sale of derivatives and exchange-traded notes was passed in October.

News  ·  6 January 2021

UK FCA Grants Crypto Firms Temporary Registration as It Deals With Applications Backlog

There had been fears in the industry that crypto firms might be left in no man's land as the FCA deadline looked set to pass with many applications still waiting to be processed.

News  ·  16 December 2020

UK Crypto Derivatives Ban Seen Having Limited Effect on Small Market

The FCA's ban could prompt some individuals to shift their crypto trading to offshore, unregulated exchanges.

Markets  ·  12 October 2020

Crypto Long & Short: A UK Ban on Crypto Derivatives Will Hurt, Not Protect Investors

The FCA’s retail investor crypto derivatives ban is a misuse of regulatory authority, argues Noelle Acheson. What’s more, its main justification is one of crypto assets’ strongest features.

Policy & regulation  ·  11 October 2020

FCA Bans Crypto Derivatives for Retail Consumers in UK

The U.K. watchdog said it considers derivative products to be ill-suited for retail consumers due to the risks they pose.

Policy & regulation  ·  6 October 2020

UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms

The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime.

Policy & regulation  ·  25 August 2020

Prime Factor Capital Is Shutting Down: Lack of Capital Cited as Prime Factor

The firm became Britain's first FCA-approved crypto hedge fund last July.

News  ·  23 July 2020

UK Court Orders Crypto Exchange to Shut Down After Clients Lose $2M

The U.K. is ordering GPay to shut down on allegations that 108 clients lost £1.5 million, or $2 million, through the crypto exchange.

News  ·  1 July 2020

UK Financial Watchdog Warns Crypto Firms to Register Before End of June

The Financial Conduct Authority wants six months to review and ask follow-up questions to crypto businesses applying to operate in the U.K.

News  ·  22 June 2020

UK Financial Regulator: Watch Out for Coronavirus Crypto Scams

The United Kingdom’s Financial Conduct Authority is asking investors to watch out for coronavirus-related crypto scams.

News  ·  12 March 2020

UK Finance Watchdog Warns Against ‘Unauthorized’ Crypto Exchange BitMEX

The Financial Conduct Authority said BitMEX had been targeting U.K. consumers without approval.

Policy & regulation  ·  5 March 2020

Retail Investors Aren’t Interested in Crypto Derivatives, Says eToro Executive

eToro isn't too worried about a potential U.K. ban on crypto derivatives, its U.K. managing director told CoinDesk.

Markets  ·  12 February 2020

Chinese Crypto Investment Firm Asked to Remove London Underground Ads

Zeux reportedly touted an investment scheme with 5 percent interest but didn't state it sent the funds back to China using crypto.

Policy & regulation  ·  10 February 2020

UK Financial Service Provider to Coinbase, Bitstamp Awarded FCA Payments License

A company that provides payment services for cryptocurrency companies including Coinbase, Bitstamp and Galaxy Digital has been awarded a license by the U.K.'s Financial Conduct Authority (FCA).

Policy & regulation  ·  29 January 2020

Gemini Hires Former Circle Compliance Officer to Oversee European Market

Blair Halliday becomes chief compliance officer for the U.K. and Europe at Gemini as the EU's Fifth Anti-Money Laundering Directive (AMLD5) goes into effect.

Business  ·  28 January 2020