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The UK government says it has no power to interfere with any decision by the Financial Conduct Authority (FCA) regarding the fate of crypto derivatives. This report comes amid speculation that the financial watchdog is moving to ban crypto derivatives over investor protection concerns. Meanwhile, s..
The World Federation of Exchanges (WFE) has faulted the reported plan by UK regulators to ban crypto derivatives. This message comes after UK’s top financial regulatory body revealed it had concluded deliberations on the matter and may ban trading on crypto derivatives from 2020. Meanwhile, authori..
Financial regulators in the U.K. are reportedly looking to outlaw cryptocurrency derivatives over perceived risks to retail investors. This move comes as the market continues to gain even more prominence against the traditional crypto spot trading. While several financial watchdogs in different jur..
News The British Financial Conduct Authority (FCA) has warned the public about First BTC FX, a supposed clone firm offering fraudulent crypto investments. Using details of an FCA-authorized firmAccording to an FCA warning published on Sept. 20, First BTC FX is posing as authorized firm First Globa..
The UK’s top financial watchdog has concluded that Bitcoin and Ether do not require regulation, whereas utility tokens and some stablecoins will. The FCA Makes Decision on Bitcoin & Crypto Regulation Only July 31, the Financial Conduct Authority (FCA), announced that it will not regulate Bitcoin a..
The Financial Conduct Authority (FCA) is the latest target for Bitcoin fraudsters. According to a report by the FT Adviser, the con artists impersonated the FCA in a scam email to recipients, with bogus cryptocurrency rewards. Issues of impersonating regulatory bodies or known personalities for bit..
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of Int..