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UK FCA Cautions Banks Against Crypto Risks - Latest News


Breakingviews - Banks' crypto caution reveals double standards

LONDON (Reuters Breakingviews) - Banks’ caution over bitcoin reveals ... of card lender MBNA last year. The UK’s Financial Conduct Authority has already issued warnings about the risks of investing in ... read more

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

The UK Financial Conduct Authority ... risk of falling victim to investment fraud.” In April, the Central Bank of Kenya (CBK) issued a similar warning to the banks in the country, warning them against ... read more

The FCA just sent a warning letter about cryptos

The UK ... FCA is differentiating between high-risk investors and those who aren't, as not all crypto activity is fraudulent. Given the crypto market is only likely to proliferate further, providing ... read more

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UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use

In response to the dramatic increase of crypto ... Bank of England to examine the impact of cryptocurrencies and distributed ledger technology with regard to “consumers […] market integrity, and the ... read more


UK financial watchdog, FCA to define the crypto policy: BTC/USD simply motionless

FCA announced plans to define crypto policies during the Business ... Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of ... read more

UK Financial Sector Regulator May Prohibit Crypto Derivatives

A representative from the UK Financial Conduct Authority (FCA ... “3 major harms” as well as a general risk to “current financial stability” posed by the unregulated circulation of crypto-assets. “The ... read more

FCA Publishes “Dear CEO” Letter on Cryptoassets and Financial Crime

The UK Financial Conduct Authority (FCA) has published a “Dear CEO” letter dated June 11, on cryptoassets and financial crime. The purpose is to ensure that banks adequately manage the financial crime ... read more

FCA sharpens focus on crypto cowboys

The recent confirmation by the UK ... Crypto assets Task Force report (October 2018) envisage a central role for the FCA in formulating and executing such regulation. It is clear that last year saw ... read more

UK Central Bank to Clamp Down on Crypto Money Laundering

The central bank chief added that he is not against the innovation ... s top financial regulator on the risks of cryptocurrency investment. As reported in December, Andrew Bailey, the chief of the ... read more

UK Financial Authority Warns Investors Against Cryptocurrency Derivatives

In a statement posted on its website in mid-November 2017, the FCA issued its warning to investors against investing in crypto-based CFDs due to several risks that they could ... should exercise a ... read more

UK Financial Conduct Authority Issues Consultation on “Cryptoassets” Seeking to Provide Clarity on Regulatory Approach

In a release, the FCA said the numbers regarding crypto remain relatively ... are 56 projects in the UK that have used ICOs, accounting for less than 5% of projects globally. The FCA has previously ... read more

UK Finance Regulator Warns Against Cryptocurrency Derivatives

The FCA listed price volatility, leverage, charges and funding costs, and price transparency as four risks to investing in crypto-based CFDs ... said that “we do have to exercise a degree of caution” ... read more



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