Tag: FCA

The Deputy Governor of the Bank of England has recently called cryptocurrencies a “threat” requiring “urgent action” to address it. It is not the first sign that the UK may become a firm outpost for crypto-skeptics. Jon Cunliffe, the Deputy Governor of the Bank of England, claimed that cryptocurrencies pose threats to the entire financial…

Charles Randell, chair of the FCA and Payments Systems Regulator, warned in a new piece written for the Cambridge International Symposium on Economic Crime that over-extending the reach of regulators could backfire in the case of some cryptocurrency tokens. The chair of the United Kingdom’s Financial Conduct Authority (FCA) said that there is currently a…

Britain’s financial regulator has ordered Binance Markets Ltd., one of the world’s largest cryptocurrency exchanges, to stop conducting any regulated activity in the U.K. by June 30. But as the exchange pulled its application for the assets register, it will be unable to offer unregulated services too. It appears one of the most significant regulator’s…