UK Financial Regulator Warns Crypto Firms of Jail Time for Unauthorized Ads

Rules aren’t set in stone but will mirror those for other high-risk investment, the Financial Conduct Authority said

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Crypto firms face uphill battle to meet FCA standards

A new report from the Financial Conduct Authority (FCA) reveals that a staggering 85% of cryptocurrency firms who applied for a license with the regulator failed to meet its minimum standards.

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New York’s Financial Regulator Takes Aim At Firms Commingling Funds After New FTX Regulations

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In Wake of FTX, New York Reminds Crypto Firms to Segregate Customer Funds

After crypto exchange FTX's bankruptcy proceedings revealed poor segregation of customer funds, the New York regulator is reminding service providers to keep clean records.

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Former SEC Lawyer Says Agency Pushing to Be Crypto Regulator With Gemini/Genesis Suit

Howard Fischer says that the government agency’s probe into the crypto firms could be the precedent the agency needs as it looks to “stake out” its turf as the main regulator of the digital asset space.

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Hong Kong’s Finance Regulator Calls for 'a More Solid Footing' for Crypto

After crypto firms have left the city, the regulator says it’s now moving with the market and industry.

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French Financial Regulator Supports Faster Mandatory Licensing for Crypto Firms

The Financial Markets Authority joins the country’s central bank and Senate in seeking to anticipate new EU laws.

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Top EU regulator points out crypto opposes regulation

European commissioner for financial services Mairead McGuinness said that some actors in the crypto space are opposing regulation — but they are only true to crypto’s cypherpunk origins. McGuinness said that while some firms approve of upcoming cryptocurrency rules, others…

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UK Financial Regulator Seeks Comments on Ad Approval Process for Crypto

Only companies with Financial Conduct Authority permission will be allowed to approve promotional material, and crypto firms will be hit once the Financial Services and Markets Bill becomes law.

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Key breakout looms for XRP. Here is the price action

Ripple’s case with SEC continues to drag on as regulator slams XRP-friendly firms XRP… The post Key breakout looms for XRP. Here is the price action appeared first on CoinJournal.

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India Regulator Probes at Least 10 Crypto Exchanges on Money Laundering Allegations: Report

India's Enforcement Directorate estimates that the accused firms laundered more than Rs 1,000 crore or $130 million in the instant loan app case, according to the report.

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Taiwan Set to Ban Crypto Purchases Using Credit Cards: Report

The country's financial regulator sent a letter to the banking association asking credit card companies to stop taking on crypto firms as merchants.

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Laid-Off Workers May Find Home With Wall Street Regulator; Coinbase Still Eying India Expansion

The crypto winter is one of the hardest times with thousands of jobs lost as firms brace themselves for the long night. For those with terminated contracts, there’s a chance to switch sides and become regulators in the industry that they once worked in.

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New York’s financial regulator issues new rules for stablecoins

The New York Department of Financial Services (NYDFS) has published a formal guidance for stablecoins in the state, laying out strict demands for issuers around asset reserves. The new rules, released on Wednesday, are targeted at licensed crypto firms that issue stablecoins.

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FTX US applies for trust charter in New York

Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services.

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One-Quarter of French Financial Scams Involve Crypto, Ombudsman Says

Regulator Marielle Cohen-Branche warned of a loophole for complaints about unregistered crypto firms.

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New York Senate Authorizes NYDFS to 'Assess' Crypto Companies

The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for the cryptocurrency companies it oversees to bring its oversight mandate in virtual currencies in line with how the regulator oversees more traditional banks and financial services firms.

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UK Regulator's Temporary Crypto Registration List Drops to 5 Firms

CEX.I0, Copper Technologies, GlobalBlock, Revolut and Moneybrain remain on the temporary registration list.

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FCA to Add 80 People in Crackdown on 'Problem Firms'

The extra staff will help the regulator strengthen its efforts to crack down on companies that fail to meet standards.

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FCA Friction Said to Spook Investors Over Copper’s Reported $500M Raise

Temporary registration status from the U.K.’s markets regulator has caused some VC firms to back out or downsize their checks, sources say.

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Crypto Firms Weigh Options as UK Registration Deadline Looms

Crypto companies wanting to operate in the U.K. have until Thursday to receive Financial Conduct Authority (FCA) approval. So far, just 33 have passed the regulator’s checks.

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Crackdown Against Cryptocurrency Ads Continue In The UK With The Threat Of Sanctions Hanging On The Air

The UK advertising watchdog has issued a red alert to cryptocurrency firms over their adverts. 50 firms are within the crosshairs of the regulator for failing to meet the advertising standards. In the past, the advertising regulator had issued warnings to Floki Inu, Dogecoin over their promises to investors.

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Crypto firms face critical deadline in the UK

Crypto firms in the United Kingdom could be forced to cease operation by next week as the deadline for registration with a foremost financial regulator in the country looms. The post Crypto firms face critical deadline in the UK appeared first on CryptoSlate.

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UK regulator issues a May 2 deadline for compliance in crypto ads

The UK Advertising Standards Authority (ASA) has issued a notice to cryptocurrency firms advertising their services. The regulatory body has mandated these firms to review their ads and ensure they comply with the newly released guidelines.

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UAE Close To Issuing New Regulatory Framework For Crypto Firms, Says Regulator

The Securities and Commodities Authority (SCA) has stated that the United Arab Emirates (UAE) is moving closer to providing a regulatory and supervisory framework that will control the country’s virtual asset business.

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Indonesia’s Regulator Bans Financial Institutions From Dealing In Crypto

The top regulatory body in Indonesia has told financial firms in the country to stay clear of facilitating all transactions that involve cryptocurrency. Indonesia’s watchdog cited concerns regarding market volatility and investor protection.

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Indonesia Bans Crypto Operations for Financial Firms

Indonesia financial regulator adds new limitation for financial institutions that are working with digital assets

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SEC Commissioner Suggests Regulator Should be More Cooperative

An SEC Commissioner believes the agency isn’t doing enough to work with cryptocurrency firms in establishing regulations that they can comply with. The post SEC Commissioner Suggests Regulator Should be More Cooperative appeared first on BeInCrypto.

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NYAG directs 2 crypto firms to shut down, investigates 3 others

The regulator "will not hesitate to take whatever actions are necessary against any company that thinks they are above the law," said Letitia James.

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Tether And Bitfinex Fined $42.5M By CFTC For False Statements About Dollar Reserves

The US Commodity Futures Trading Commission today filed and settled charges against Bitfinex and sister company Tether. The two firms are required to pay fines totaling almost $43 million. CFTC claimed that the Tether (USDT) stablecoin was not completely backed by reserves most of the time and Bitfinex breached the derivatives regulator’s previous directive, according […]

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Just 10 Korean crypto exchanges have registered with the government ahead of deadline

With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities.

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Canada’s Security Regulator Releases New Guidance for Crypto-Trading Firms Relating to Advertising and Marketing

The Canadian Securities Administrators (CSA) has released fresh guidance for cryptocurrency exchanges on advertising and marketing along with the use of social media. An umbrella group for securities regulators in the country, CSA published the guidelines this week in collaboration with the Investment Industry Regulatory Organization of Canada after they became aware of certain advertising […] The post Canada’s Security Regulator Releases New Guidance for Crypto-Trading Firms Relating to Advertising and Marketing first appeared on BitcoinExchangeGuide.

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MAS launches a CBDC challenge to attract FinTech firms into Singapore

The Singapore Monetary Authority (MAS) has rolled out a global challenge for retail central bank-issued digital currencies (CBDCs). The regulator seeks to attract FinTech firms and financial institutions across the globe into the country.

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FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says ‘This Is a Very Real Risk’

U. K. ’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement and market oversight.

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UK regulator warns investors against 100+ unregistered crypto firms

The FCA is concerned that several unregistered crypto companies were doing business with banks,… The post UK regulator warns investors against 100+ unregistered crypto firms appeared first on Coin Journal.

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UK regulator warns against 111 unregistered crypto companies... and FOMO

The Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it “a very real risk.”

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UK Regulator Clamps Down On “Time to Buy Bitcoin” Ads

The UK is no stranger to injecting restrictions for the crypto industry. In 2020, the country announced that all UK-based crypto-asset firms are required to register with the Financial Conduct Authority (FCA).

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Kenyan Regulator Commends Its Regulatory Sandbox— Says the Test Phase Enables It to Have Interactions With Innovators

According to a new report published by the Capital Markets Authority (CMA) of Kenya, the country’s regulatory sandbox has now received 24 applications, queries, and proposals since March 2019. From this total, only seven firms have been admitted into the sandbox, and “a few more (are now) in the final stages of review.” However, just […]

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ASIC calls for closer engagement, but crypto industry says rules are unclear

Australia’s securities regulator wants crypto firms to work closely with it, but industry executives are unsure of their obligations.

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South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’

South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.

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Hawaiian House Democrats ask the state regulator to ease rules on crypto

Hawaiian House Democrats are requesting the Department of Commerce and Consumer Affairs, to consider easing stern rules against crypto businesses. A report unveiled this news on March 17, noting that 10 democrats sponsored a bill that seeks to amend the harsh laws against crypto firms that have been in place for almost five years.

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China releases final anti-monopoly rules targeting major tech and payments firms

China's market regulator finalizes rules that have been three months in the making.

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UK FCA warns investors against crypto-related investment risks and scams

UK regulator, Financial Conduct Authority (FCA) advised investors to be aware of certain, unnamed firms that offer investments in crypto assets that “promise high returns.” According to FCA, invesThe post UK FCA warns investors against crypto-related investment risks and scams appeared first on AMBCrypto.

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'Two cops on the beat': Regulator wants sole authority to charter fintech firms

The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms.

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UK’s FCA rolls out a temporary registration system for crypto firms

The Financial Conduct Authority (FCA), the UK’s financial watchdog has introduced a temporary registration regime for crypto firms. The regulator disclosed this information through a notice, noting that this system would allow crypto companies that had filed for registration before December 15 to continue with their operations for six months.

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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

If implemented the declaration would require crypto firms in South Africa to register as financial services providers.

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39 Firms Have Applied to Offer Crypto Services Under New Regulation, Says Dutch Central Bank

Thirty-nine companies have applied for registration with the Dutch central bank to provide cryptocurrency services, the regulator told news. Bitcoin. com. They include crypto exchanges and custodial wallet providers.

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New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

The New York Department of Financial Services expects all firms, including virtual currency businesses, to start assessing climate change-associated financial risks.

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New York’s Financial Regulator Puts Focus on Crypto Firms for Digital Reporting Initiative

The New York Department of Financial Services intends to digitize financial reporting in a tech initiative that will initially focus on cryptocurrency companies.

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