EU to Consult on Crypto Complaints, Conflict of Interest Rules in July

The bloc’s securities-market authority ESMA is to fill in the details of the flagship crypto law MiCA

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SEC has no authority over crypto, argues defendants in $18M fraud lawsuit

Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto.

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How the IRS tracks down people who don’t report their crypto

The United States tax authority doesn't seem to be very efficient when it comes to tracking down who owes crypto taxes — for now.

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Isle of Man authorities publish guidance on Bitcoin and crypto businesses

The Isle of Man Financial Services Authority (IOMFSA) has published guidance setting out its position regarding the applicability of financial regulatory requirements to cryptocurrencies and tokens issued using blockchain technology, as per a release shared with CryptoSlate.

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Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations

The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1. 5% on gross transaction value, local media reported.

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Isle of Man Regulator Says Bitcoin, Ether Not Considered Securities in New Guidance

The island's Financial Services Authority has set out how it will treat cryptocurrencies and crypto assets and which might be regulated as securities.

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UK FCA crypto derivatives ban ignored 97% of consultation respondents

The U.K.’s Financial Conduct Authority is accused of ignoring its own consultation and cherry-picking data.

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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.

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97% of People Consulted by UK Financial Regulator Opposed Crypto Derivatives Ban

The Financial Conduct Authority (FCA) ban on crypto derivatives sales to retail investors has set tongues wagging. It is no mystery. After a consultation process that closed Oct. 3, 2019, with 97% of participants opposed to the prohibition, the U.

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FCA bans sale of crypto derivatives to UK retail investors

The Financial Conduct Authority will stop the sale of cryptocurrency derivatives to retail investors... The post FCA bans sale of crypto derivatives to UK retail investors appeared first on Coin Journal.

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UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move to Save $69 Million in Losses

The U. K. ’s Financial Conduct Authority (FCA) has banned the sale of cryptocurrency derivatives products to retail investors in a move that it says will save the targeted customers £53 million ($68.

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FCA bans the sale of crypto-derivatives to retail customers in the U.K.

The United Kingdom Financial Conduct Authority (FCA) has published a new set of rules banning the sale of crypto derivatives to retail consumers in the country. The post FCA bans the sale of crypto-derivatives to retail customers in the U.K. appeared first on CryptoSlate.

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The UK Bans Crypto Derivatives

The crypto industry reacts to a big move from the United Kingdom's Financial Conduct Authority, which banned crypto derivatives.

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U.K.’s Financial Conduct Authority Strikes Ban On The Sale Of Crypto Derivatives

The cryptocurrency communities in several countries might be excited to adhere to new policies that are preceding numerous bans that have recently been overruled, but the U.K.’s cryptocurrency community may be taking a step back, following a stern ban that has just been launched against the sale of crypto derivates to retail consumers. The Financial […]

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FCA prohibits the sale of crypto derivatives to retail investors

The Financial Conduct Authority (FCA) has banned the sale of crypto derivatives and exchange-traded notes (ETNs) that revolve around certain cryptocurrencies to retail consumers. The agency unveiled this news via a press release on October 6.

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UK FCA Bans Crypto Derivatives & ETN Sale to Retail Consumers Starting January 6th, 2021

The financial regulatory body in the United Kingdom, the Financial Conduct Authority (FCA), has declared that cryptocurrency derivatives are “ill-suited” for retail consumers because of the harm they pose.

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UK Regulators Ban the Sale of Crypto Derivatives to Retail Consumers

The Financial Conduct Authority (FCA) has published new rules prohibiting the sale of derivatives and exchange-traded notes to retail customers in the United Kingdom. According to a press release, the U.

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FCA Bans Bitcoin and Ethereum ETNs and Derivatives

The British Financial Conducts Authority (FCA) has banned crypto Exchange Traded Notes (ETNs) and derivatives. They say cryptos are volatile, have “no reliable basis for valuation,” there’s “inadequate understanding” of...

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Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority

Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U. K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year.

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BMA grants Bittrex Global a license to run a crypto exchange in Bermuda

The Bermuda Monetary Authority (BMA) has granted Bittrex Global Ltd. a full Class F Digital Assets Business Act license. A press release unveiled this news on September 30, noting that this permit will let Bittrex Global operate its acclaimed crypto exchange in or from Bermuda under the purview of BMA.

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New Zealand Tax Authority Tells Crypto Firms to Disclose Traders Personal Info & Transaction History

In a statement obtained by the local radio news station, Radio New Zealand (RNZ), New Zealand-based crypto firms must submit their customer’s crypto transaction information to the country’s top taxation authority, Inland Revenue Department (IRD).

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The US IRS agency adds crypto questions to tax forms

The US tax authority has been getting serious about cryptocurrency for quite some time. However, the US crypto users have tried their best to ignore the IRS’ warnings to carefully calculate their crypto income and include it in their reports.

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New Zealand's tax authority grills companies for info on crypto users

If it's a taxable event, authorities want to know.

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Gemini Crypto Exchange Gains FCA Approval To Expand Into The U.K.

Crypto exchange Gemini, founded by Tyler and Cameroon Winklevoss, is expanding its footprint into the United Kingdom after receiving approval from the Financial Conduct Authority (FCA). According to an official blog post on Sept.

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Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers

Cryptocurrency exchange Gemini is now expanding into the UK. The launch follows obtaining an electronic-money institutions (EMI) license from the Financial Conduct Authority (FCA) after the agency declared that all crypto exchanges operating in the country are required to register with it as per its Fifth Money Laundering Directive (5MLD) by Jan.

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FinTech Firm, Wirex, to Launch A Multi-Currency Mastercard Card With 2% Crypto-Back in Europe

Wirex, the inaugural crypto firm to become a Mastercard principal member, is set to roll on its new multi-currency card days after gaining principal membership. The crypto payment platform is based in London and is licensed by Uk’s Financial Conduct Authority to offer crypto cards across Europe.

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UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash

London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U. K. ’s Financial Conduct Authority. After receiving the permit, the fintech start-up immediately launched peer-to-peer (P2P) payments for both crypto and fiat currencies.

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Bitcoin exchanges might soon share money laundering data in the UK

In the latest proposal concerning Bitcoin and crypto businesses, the UK’s top financial regulator, the Financial Conduct Authority, said all firms would be compelled to share reports on potential money laundering.

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Aave DeFi Protocol Joins Growing List Of Crypto Startups Authorized Under New FCA Law

Popular Ethereum-based DeFi protocol Aave has been granted an Electronic Money Institution License (EMI) by The UK Financial Conduct Authority, which will enable it to issue crypto-assets and provide alternative payment services in the UK.

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UK Crypto Businesses Set to Come Under FCA Financial Crime Reporting Requirement

Crypto businesses in the UK are set to come under even greater scrutiny based on new plans by regulators in the country. The Financial Conduct Authority (FCA) continues to mandate strict compliance with financial laws for all cryptocurrency activities in the UK.

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FCA Proposes UK Crypto Exchanges And Wallets Share Money Laundering Data With Regulator

The UK’s top regulatory body, the Financial Conduct Authority (FCA), has proposed a new policy for crypto exchange and wallet custodians. This policy requires crypto companies to submit a detailed history or report on potential money laundering.

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FCA to ask crypto firms to report on money laundering

The UK’s Financial Conduct Authority, in a new proposal, has outlined a policy that... The post FCA to ask crypto firms to report on money laundering appeared first on Coin Journal.

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UK Financial Watchdog Grants Licenses to Archax and Gemini

The UK’s Financial Conduct Authority has granted licenses to two crypto exchanges operating in the country, Archax and Gemini.

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Gemini Exchange Approved by the UK’s Financial Watchdog; Sets the Stage for European Expansion

U. K’s Financial Conduct Authority (FCA) has approved Gemini’s Europe subsidiary, setting up the U. S based crypto exchange to scale its businesses while being compliant. Gemini joins Archax, which is also a digital asset service provider operating in the U.

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Crypto scammers from Poland use new kind of attack

A warning was issued by the Polish Financial Supervision Authority (PFSA) as a new...

The post Crypto scammers from Poland use new kind of attack appeared first on Coin Journal.

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Germany Begins Closing Down All Unlicensed Bitcoin ATMs

Germany’s Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator responsible for regulating crypto service providers, has begun actively closing down unauthorized bitcoin ATMs, a BaFin spokesperson has confirmed to news.

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New Kenyan Digital Tax to Affect Crypto Platforms

Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1. 5% on gross transaction value, the new tax is expected to take effect on Jan.

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Poland’s Financial Watchdog Mulls Crypto Regulation 

Polish Financial Supervision Authority (KNF), is now pondering on whether to regulate bitcoin (BTC) and other cryptocurrencies in the nation. The regulator is looking to formulae a uniform crypto regulatory framework that will govern crypto-linked businesses and is now seeking feedback from financial institutions and other stakeholders in ts cryptospace, according to reports on JulyRead MoreRead More.

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Polish Watch Dog Eyes Crypto Regulation, Expects Feedback from Financial Institutions

Polish financial authority (KNF) has launched a project to consider the regulation of cryptocurrency assets under the country?s law

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Singapore’s Financial Regulator, MAS, Wants More Power to Push Stringent Rules For Crypto

Singapore's financial regulator, which also serves as the country's central bank, The Monetary Authority of Singapore (MAS), is seeking to introduce stricter rules for the crypto industry to adhere to the new Financial Action Task Force (FATF) standards.

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Law Decoded: Pushing the Legal Limits, July 10–17

In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media.

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Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue

Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). An MTF is a European regulatory term for a self-regulated financial trading venue.

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UK Regulator Approves Kraken-Owned Cryptocurrency Derivatives Platform

Crypto exchange Kraken’s UK-based subsidiary – Crypto Facilities – has bagged the coveted Multilateral Trading Facility (MTF) license from the UK financial watchdog, the Financial Conduct Authority (FCA).

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Crypto Facilities becomes first crypto exchange to receive MTF license in the UK

Crypto Facilities, a subsidiary of Kraken, the largest cryptocurrency exchange in Europe by euro trading volumes, has become the first cryptocurrency company to obtain a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA).

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UK Regulators Shut Down Crypto Exchange Following

GPay Limited, which traded as XtraderFX (formerly CryptoPoint) has been shut down by UK authorities following investigations into its practices. The firm has been on the radar of the Financial Conduct Authority for over two years.

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New UAE crypto exchange receives regulatory approval

DEX, a new UAE bitcoin and crypto Multilateral Trading Facility and Custodian, has now secured a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) in the United Arab Emirates.

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Bitcoin Dominates Crypto by Brand Recognition, Says FCA Survey

By far, Bitcoin has the strongest brand recognition among cryptocurrencies, according to a new report from the UK’s Financial Conduct Authority. The report surveyed over 2,200 consumers and 658 cryptocurrency...

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Relief for Crypto.com Card Owners as FCA Lifts Wirecard Embargo

Financial regulators in the UK have lifted restrictions on Wirecard Card Solutions (WCS) in a move likely to soothe the anxieties of TenX and Crypto. com’s Visa crypto debit cardholders. WCS-Issued Crypto Debit Cards Now Unblocked The UK’s Financial Conduct Authority (FCA) announced the lifting of the Wirecard embargo in a press statement issued on MondayRead MoreRead More.

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FCA Research Finds 3.86% of the UK’s General Population Currently Owns Crypto

UK financial regulator, the Financial Conduct Authority (FCA) today published the results of its latest research into the current state of the crypto ecosystem in the country. According to the results, about 3.

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