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Executive Moves
Swissquote UK CEO Federico Cirulli Steps Down
2022-01-14T09:10:56.323+02:00
He spent eight years with the broker.
Michela Pollini and Jack Rawlings have been appointed as Executive Directors.
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House of Lords Raised Serious Concerns over UK CBDC Launch
2022-01-13T14:23:32.309+02:00
The committee is worried about the possibility of bank runs.
A joint task force is striding the feasibility of a digital pound launch.
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NYDIG-Subsidiary Bottlepay Gets FCA Approval as Crypto Business
2022-01-11T13:26:53.480+02:00
It is one of the very few companies to gain the FCA nod.
It has become the first lightning network startup in the UK.
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Regulation
UK Ads Regulator Slams Arsenal FC for Fan Token Promotion
2021-12-22T11:19:14.716+02:00
Arsenal partnered with Chilliz to launch a fan token.
The agency flagged two of the promotional ads of the football club.
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Institutional FX
Standard Chartered Bank Fined £46.5 Million for Regulatory Failures
2021-12-20T12:37:00.593+02:00
This is the highest penalty imposed by the PRA in an individual enforcement case.
The bank has agreed to rectify the lapses in its system.
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News
UK Regulator Clamps Down on eToro, Coinbase for ‘Misleading’ Crypto Ad
2021-12-15T12:17:15.284+02:00
Both the companies have already taken down the advertisement.
They were ordered not to run those ads in the previous form.
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Brokers
Axi’s UK Subsidiary Sees 46% Jump in FY21 Client Revenue
2021-12-08T11:18:22.423+02:00
It ended the fiscal with a net profit of £1.9 million.
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News
Binance Plans to Seek FCA Approval in the UK
2021-12-06T15:26:08.780+02:00
The exchange is hiring former regulatory staff in the country.
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Brokers
Britain’s AJ Bell Will Launch a Zero-Fee Investment App
2021-11-29T13:38:00.000+02:00
The new platform will hit the market in the first half of 2022.
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Regulation
UK FCA Says ‘Poor Quality’ Paperwork Is Delaying Authorizations
2021-11-24T21:54:20.000+02:00
The British watchdog said that it was committed to improving its processes generally.
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Institutional FX
House of Borse Sees 26% Revenue Dip in FY21
2021-11-11T09:39:44.000+02:00
The brokerage managed to generate a pre-tax profit of £14,839 for the year.
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News
UK Bitcoin Miner Jailed for Stealing Electricity to Run Two Mining Farms
2021-10-14T22:20:09.000+02:00
The individual was sentenced to 13 months and two weeks in prison at Leicester Crown Court.
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Brokers
eToro (UK) Revenue Jumps 717% in 2020
2021-10-14T11:14:35.000+02:00
The UK unit contributed 7 percent to the overall group revenue last year.
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News
SmartTrade Technologies UK Posts Marginal Gain in FY21 Profits
2021-10-13T12:20:37.000+02:00
The UK unit generated a net profit of £2.13 million in the year.
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Executive Moves
IG Group Promotes Matt Macklin as CEO UK, APAC
2021-10-05T08:06:28.000+02:00
He was previously the UK Head of the London broker.
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News
Crypto Exchange CoinJar Receives FCA Recognition
2021-09-29T14:26:19.000+02:00
Only around a dozen of the UK crypto companies have gained mandatory regulatory recognition so far.
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Retail FX
SVS Securities Administration Process to End in Early 2022
2021-09-28T10:08:54.000+02:00
The administrators have already returned the proceeds of most of the clients.
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News
JPMorgan Launches Digital Bank in the UK
2021-09-21T07:00:53.000+02:00
Branded as Chase, the neobank will initially offer current accounts and will issue debit cards.
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Institutional FX
The Investment Association Taps Seven New Executives to Join Its Board
2021-09-15T23:37:47.000+02:00
The executives come from some of the largest asset managers in the United Kingdom.
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News
UK Students Are Increasingly Investing in Cryptocurrencies, Survey Finds
2021-09-02T20:51:03.000+02:00
The study found that 76% of the surveyed students are concerned about how to meet their monetary obligations on time.
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Retail FX
FCA Warns UK Fintechs on Afghanistan-Related Financial Crime Threat
2021-08-31T12:41:27.000+02:00
The companies have to actively monitor all outbound transactions to Afghanistan and report any suspicious activities.
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Brokers
Equiti Capital UK Triples Profit in 2020
2021-08-30T08:18:20.000+02:00
The UK company ended the year with a total profit of $1.8 million.
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Brokers
SVS Securities Administrators Refund Majority of Clients’ Money
2021-08-27T14:22:39.000+02:00
The administrators estimated the budget for the cost of the returns at £44.5 million.
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News
UK Regulator Said Crypto Exchange Binance Is Now Compliant
2021-08-25T15:43:20.000+02:00
The FCA first flagged Binance Markets Limited in June.
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News
UK Authorities Seize $9.5 Million Worth of Ethereum Found in USB Sticks
2021-08-13T00:45:07.000+02:00
Cryptos seized are related to a scam whose victims are located in the UK, Europe, China, the US, Hong Kong and Australia.
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