Bank of England Unveils Plans for Regulating Sterling Stablecoins, Seeks Public Input
Key Insights The Bank of England has launched a consultation on regulating sterling-denominated “systemic” stablecoins and potentially introducing a digital…
UK Man Convicted Over £1 Million Ponzi Scheme Targeting Facebook Investors
Key Insights Daniel Pugh was convicted of running a £1 million Ponzi scheme through Imperial Investment Fund, targeting 238 investors…
UK’s FCA Unveils Proposals for Stablecoin Issuance and Crypto Custody Rules
Key Insights The UK’s FCA has proposed new rules to regulate stablecoin issuance, crypto custody services, and financial resilience of…
FCA Bans Former Credit Suisse VP Detelina Subeva Over $1.3 Billion Mozambique Money Laundering Case
Key Insights The FCA has banned Detelina Subeva, former Credit Suisse vice president, from UK financial services after her US…
Kraken Secures UK EMI License Amid Regulatory and Market Expansion Efforts
Key Insights Kraken has obtained an EMI license from the UK’s FCA, enabling faster transactions and expanding its services in…
12% of UK Adults Now Own Cryptocurrency, FCA Study Reveals
Key Insights The UK FCA reports cryptocurrency ownership has increased to 12% of adults, with average holdings rising to £1,842.…
UK’s FCA Finds Mixed Compliance in Crypto Firms’ Marketing Practices
Key Insights FCA review of crypto firms’ compliance with financial promotion rules finds both good practices and significant shortcomings. Regulator…
Kuwait’s NCM Financial Secures UK FCA License, Eyes Expansion
Key Insights NCM Financial obtains FCA license for its UK subsidiary, NCM Financial UK Ltd. NCM injects £3.75 million into…
FCA Fines Coinbase Subsidiary £3.5 Million for Breaching Financial Crime Controls
Key Insights The UK’s FCA fined CB Payments Ltd, a Coinbase subsidiary, £3.5 million for breaching financial crime controls and…
FX Broker LCG Resumes Operations After Parent Company Bankruptcy
Key Insights London Capital Group resumes normal operations and client onboarding after temporary halt due to parent company FlowBank’s bankruptcy.…