united Kingdom

UK’s FinProm a welcome change, but challenge persists — Transak compliance head

Transak’s compliance chief, James Young, told Cointelegraph that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space. On Oct. 8, the United Kingdom’s Financial Conduct Authority (FCA) imposed new marketing rules compelling cryptocurrency firms to promote their products and services clearly, fairly and…

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G20 Urges Speedy and Unified Execution of IMF’s Crypto Roadmap

During their recent meeting, the G20 finance ministers and central bank governors have embraced the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). They have called for “swift and coordinated implementation” of this roadmap. The G20 finance ministers and central bank governors gathered in Marrakech, Morocco,…

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Crypto firms could face 2 years jail for breaching UK advertising laws

Crypto firms in the United Kingdom could face some harsh punishments under the FCA’s proposed financial promotions regime. Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the United Kingdom’s financial watchdog. …

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UK FCA Claims Crypto Platforms Facilitate Money Laundering

British regulator the Financial Conduct Authority (FCA) has taken a massive swipe at the crypto industry, labeling exchanges as platforms for money laundering. Global regulators have been railing against crypto over the past month, and their wild condemnations are becoming more extreme. The latest to make one of these ludicrous accusations is incoming FCA chair…

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