Auto Added by WPeMatico

FCA Raids 8 Sites in First UK Crackdown on Illegal Peer-to-Peer Crypto Trading

The U.K.’s Financial Conduct Authority targeted eight premises suspected of running illegal peer-to-peer crypto trading operations on Wednesday, marking the agency’s first coordinated enforcement action of this kind. Key Takeaways:…

Continue ReadingFCA Raids 8 Sites in First UK Crackdown on Illegal Peer-to-Peer Crypto Trading

FCA Secures First Conviction for Illegal Crypto ATM Operation in UK

Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions…

Continue ReadingFCA Secures First Conviction for Illegal Crypto ATM Operation in UK

Web3 Innovator: UK Crypto Community Sees Brighter Future Under Labour Government

The UK’s crypto community has a reason for optimism with the new Labour government, according to Harry Horsfall. Backed by a large parliamentary majority, the Labour government is seen as…

Continue ReadingWeb3 Innovator: UK Crypto Community Sees Brighter Future Under Labour Government

FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK…

Continue ReadingFCA Files First Charges Against Unregistered Crypto ATM Operator in UK

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and…

Continue ReadingUK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this…

Continue ReadingUK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust

The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running…

Continue ReadingUK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust