UK Banks urged by FCA to implement strong security measures for risky Cryptocurrency Business

UK Banks urged by FCA to implement strong security measures for risky Cryptocurrency Business
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-6-13 06:37

The Financial Conduct Authority (FCA), U.K.’s top financial watchdog, has advised banks to adopt appropriate measures to minimize the risks and exposure inherent in the cryptocurrency business.
This advice was contained in a recent letter sent by the FCA to the CEOs of local U.K. banks.
Robust KYC Protocols
The FCA encouraged banks to be more thorough in their know-your-customer (KYC) activities.
Due Diligence for Cryptocurrency Clients
Another area of concern for the FCA is the risk posed by the anonymity of cryptocurrency transactions.
Images courtesy of Financial Times, Shutterstock
The post FCA Urges UK Banks to Adopt Robust Security Measures Against ‘Risky’ Cryptocurrency Business appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 1.267b GCC / 2.4b GCC

banks fca cryptocurrency financial measures business contained

Èñòî÷íèê: bitcoints.com

banks fca → Ðåçóëüòàòîâ: 3


Ôîòî:

Banks Advised on How to Manage Risks of ‘Crypto Assets’ by UK Financial Regulator

The UK’s Financial Conduct Authority (FCA) has issued guidance for banks on how to handle the risks associated with “crypto assets”, according to a letter posted on the FCA’s website June 11. Per the statement issued by Executive Directors of Supervision Jonathan Davidson and Megan Butler, banks should apply a highly individual approach to clients

2018-6-12 05:55


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Binance and Libra Credit Join; Offering Loans to Bnb Holders

Binance Labs has invested in cryptocurrency loans company Libra Credit who will offer fiat and cryptocurrency loans to BNB holders using their coins as collateral. Libra Credit is branded as a decentralized digital asset financial services platform, and it has a primary focus on lending.

Seven Shades Of Crypto

But the creation of Bitcoin and the blockchain has spurred the development of a wide range of crypto-asset types. In fact, there are at least seven types you should be aware of, according to the authors of Blockchain Revolution.

Bitcoint and purse spending giving its new customers $10 in bch

Promoted On the last week of June, the cryptocurrency company, Purse. io, announced the platform’s bitcoin cash (BCH) integration, alongside a ‘cashback’ promotion. The Bitcoin. com team has always been fans of Purse because it allows bitcoin users to save 20 percent or more shopping on Amazon.

Bitcoin ABC Developers bring into the open Bitcoin Cash Upgrade Timeline

News Just recently the Bitcoin ABC development team has published the Bitcoin Cash ‘November 15 Upgrade Timeline’ which details what the programmers plan to do before the hard fork. Preparing for the Next Bitcoin Cash Hard Fork The Bitcoin Cash (BCH) network is planning for another hard fork this coming November which will see a