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Retail FX
FCA Implements "Polluter Pays" Rule to Safeguard Personal Investments
2023-11-29T10:14:11.801+02:00
New reserves would cover poor advice redress.
The regulator is now starting the consultation period, which runs until March 2023.
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FinTech
Revolut Contemplates Auditor Swap Ahead of Banking License Decision
2023-11-28T17:55:23.041+02:00
The company has disputed a recent audit report.
This move has raised a concern about the impact on Revolut's application for a banking license.
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FinTech
Fintech Firm Volt Rides Wave of Series B Funding to Australian Shores
2023-11-23T10:50:36.743+02:00
The company is expanding its payment technology.
Local Megatix is the first to adopt Volt for quicker transfers.
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Retail FX
Interactive Brokers Targets UK Savers with Trading Commission Credit Promotion
2023-11-07T20:16:32.253+02:00
The brokerage firm is offering a commission credit of £55 for ISAs in the UK.
This promotion allows users to access global securities and tax benefits.
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CryptoCurrency
FCA's Q3 Report Reveals 5,310 Amended Financial Promotions amid Regulatory Scrutiny
2023-11-03T16:29:10.446+02:00
Unauthorized firms faced 488 alerts, with 11% of them attributed to clone scams.
The UK's markets watchdog is focusing on the new financial promotions regime.
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CryptoCurrency
FCA Unveils Fresh Guidance amidst Crypto Marketing Turmoil in the UK
2023-11-02T15:31:18.954+02:00
The new crypto marketing rules have been in effect in the UK for a month.
Many firms still fail to meet the requirements, so the FCA is publishing new guidance.
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Institutional FX
Odey Asset Management Shuts Down amidst Sexual Misconduct Claims
2023-11-01T19:48:25.065+02:00
The closure followed allegations against the firm's Founder, Crispin Odey.
Odey Asset Management is currently going through a reorganization.
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CryptoCurrency
FCA: Bitfinex May Be Promoting Financial Services "Without Our Permission"
2023-10-27T22:54:25.635+02:00
The regulator said that investors dealing with the crypto exchange may not be protected by the FSCS.
"Bitfinex is very disappointed by the action taken by the FCA," the exchange stated.
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CryptoCurrency
Kraken Bolsters UK Presence with Appointment of New Managing Director
2023-10-27T19:51:41.649+02:00
Das is a crypto entrepreneur with experience in the commercial and fintech industry.
His appointment is a strategic move to capitalize on the expanding crypto adoption in the UK.
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CryptoCurrency
Crypto Marketers Face New Hurdles as FCA Tightens Rules
2023-10-25T11:56:13.415+02:00
The agency has identified recurring issues in crypto marketing since new regulations took effect on 8 October.
The FCA has issued 221 alerts and is collaborating with various businesses to curb illegal promotions.
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CryptoCurrency
Binance Pauses New User Registrations in the UK to Meet Ad Regulations
2023-10-16T22:31:44.847+02:00
The crypto exchange is collaborating with the FCA amid ad approval issues.
Existing users can access Binance's services but not new products.
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CryptoCurrency
Binance Prepares for UK's Financial Promotions Regime: Introduces Dedicated Domain
2023-10-06T23:26:52.852+02:00
UK users have been directed to the domain in compliance with the new regulations.
Certain services provided by the crypto exchange will be limited for retail users.
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Retail FX
London's Energy Surge vs. Paris's Luxury Slump: The Battle for Europe's Financial Crown
2023-10-03T12:54:30.596+02:00
London's financial district shows signs of resurgence, closing the gap with its European rivals.
However, the City still faces challenges, including capital outflows and lagging far behind the US in market cap and IPOs.
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Retail FX
News Nuggets | 28 September: NiceHash Exits UK; CFTC Awards Whistleblower over $300,000
2023-09-28T10:44:19.879+02:00
Also, ASIC secures financial penalties for reporting failures; SEC charges for insider trading.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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CryptoCurrency
JPMorgan's Chase UK Joins Growing List of UK Banks Banning Crypto
2023-09-27T08:55:15.966+02:00
Chase UK is set to prohibit crypto transactions starting in October due to a scam surge.
The move follows similar restrictions by other UK banks like NatWest and Santander.
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Retail FX
FCA's Big Screen Debut Targets Investment Hype
2023-09-25T16:28:46.538+02:00
The FCA launched a cinema ad campaign to educate the public about the risks of investment hype.
The ad will be shown before the new film ‘Dumb Money’, which explores the GameStop saga.
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CryptoCurrency
The UK's FCA Sends Final Warning as Crypto Regulation Deadline Nears
2023-09-21T13:46:07.402+02:00
The promotional regime kicks in the next two weeks, and companies still face 'challenges'.
The FCA is reminding about the consequences of failing to comply with the new regulations.
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Retail FX
FCA's New Checks Could Be a Game-Changer for Financial Ads
2023-09-12T12:14:36.583+02:00
The FCA implements new screening checks for firms approving financial ads.
This is another move of the institution in the fight against inappropriate commercials.
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CryptoCurrency
Luno Responds to FCA’s Looming Crypto Rules: Halts UK Investments Temporarily
2023-09-11T23:57:11.894+02:00
The platform will suspend some crypto investments for clients in the UK.
PayPal recently took similar steps to suspend crypto purchases in the UK until 2024.
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CryptoCurrency
FCA: Crypto Firms Face "Significant Challenges" Ahead of Financial Promotions Regime
2023-09-08T15:58:39.574+02:00
The UK's much-anticipated financial promotions regime will be implemented on October 8.
According to the regulator, some companies have overlooked the broader aspect of the regulation.
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CryptoCurrency
End of Cold Calling In the UK: FCA Considers a Complete Ban for Finance and Crypto
2023-08-24T11:23:05.440+02:00
Cold calling is one of the more common methods that fraudsters use in the UK.
The FCA and Treasury want to ban Fintech companies from using this form of marketing.
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Retail FX
OANDA Ventures into Crypto: Acquires UK's Coinpass
2023-08-22T13:20:00.096+02:00
OANDA broadens its horizon by acquiring Coinpass, a UK-based crypto firm.
The merger paves the way for OANDA's entry into the rapidly growing crypto trading sector.
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CryptoCurrency
UK Crypto Firms Brace for Compliance as FCA Sets Deadline for ‘Travel Rule’ Implementation
2023-08-17T18:51:43.877+02:00
Starting September 1, crypto companies in the UK must provide information on transfers.
Crypto firms have until August 25 to provide input on the new guidance.
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CryptoCurrency
PayPal Halts UK Crypto Sales: FCA’s Stricter Rules Take Center Stage
2023-08-16T09:42:47.825+02:00
The company will suspend crypto sales from October in the UK.
This decision arrived as crypto companies face stricter regulations in the UK.
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Institutional FX
FCA Cracks Down on Rogue Financial Promotions among Trading Firms
2023-08-07T21:42:50.999+02:00
The regulator said 1,507 advertisements have been amended.
The FCA has tightened rules for marketing financial services on social media.
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