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
фото показано с : 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.

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Фото:

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