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UK's Financial Conduct Authority Issues Warning To Banks On Cryptocurrency Risks - Latest News


UK's Financial Conduct Authority issues warning to banks on cryptocurrency risks

In a letter the FCA suggested that the financial market, especially banks, need to increase their reviewing measures for customers using cryptocurrencies. The UK's Financial Conduct Authority (FCA), has warned CEOs of various banks about the potential ... read more

UK Financial Regulator Advises Banks on How to Manage Risks of ‘Crypto Assets’

The UK’s Financial Conduct Authority ... Bank of Kenya (CBK) issued a similar warning to the banks in the country, warning them against providing services to crypto dealers. CBK Governor Patrick Njoroge said, “There are risks associated with ... read more

UK Financial Watchdog Tells Banks to ‘Enhance Scrutiny’ on Crypto Clients

In a letter [PDF] addressed to domestic bank CEOs, the UK’s Financial Conduct Authority (FCA) specifically urged ... The FCA has previously issued a public consumer warning on the risks of ICOs, deeming them “high-risk, speculative investments”. read more

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Heard the one about how to make a mint in an ICO? Watchdog issues warning to investors in the world of Bitcoin and Ethereum

The UK financial watchdog has said that investors seeking ... or are claimed to represent a stake in the business - with investors paying for them using a cryptocurrency. The Financial Conduct Authority said ICOs were ‘high-risk’ investments since ... read more

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The FCA just sent a warning letter about cryptos

The UK's Financial Conduct Authority (FCA) has sent a letter to the CEOs of banks about the potential risks associated with cryptocurrencies. Around 58,000 financial services companies received this warning ... have safety issues. This could mean that ... read more

5 ways to spot financial scams and avoid being tricked by fraudsters

Fraudsters will sometimes jump on recent events to make their scams appear more authentic – such as a bank’s IT issues or tax deadlines ... Check the Financial Conduct Authority’s warning list at fca.org.uk/scamsmart. read more

Don’t let scammers catch you off guard

Fraudsters will sometimes jump on recent events to make their scams appear more authentic – such as a bank’s IT issues or tax deadlines ... Check the Financial Conduct Authority’s warning list at fca.org.uk/scamsmart. read more

Bank of England expects big Libor switch to start in earnest

Banks have been ... “Some of the issues that happened in the U.S. shouldn’t happen to us,” John said. Britain’s Financial Conduct Authority has effectively set an end 2021 deadline for migrating from Libor to Sonia, warning that Libor may not ... read more

Outlook for bitcoin as Flash Boys move in

In the G20's Tuesday meeting, finance ministers agreed that cryptocurrency regulation ... will announce further work with the Financial Conduct Authority and the Bank of England to consider these issues in more detail." Twitter chief executive Jack Dorsey ... read more



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