Search Results for: UK
FCA becomes AML and CTF supervisor of UK cryptoasset activities
January 14th, 2020
The Financial Conduct Authority (FCA) in UK has issued an announcement to inform that the FCA is now the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for businesses carrying out certain cryptoasset activities under the amended Money Laundering, ...
Pound Sterling to Euro exchange rate jittery as UK public heads to the polls
December 12th, 2019
Fresh polls indicating a Conservative Party majority is uncertain came in yesterday, leading to fresh Sterling (GBP) jitters and knocking the Pound to Euro (GBP/EUR) exchange rate further away from its best levels. Despite the uncertainty though, investors have ...
VW accused of emissions cheating in UK’s largest class action lawsuit
December 5th, 2019
Volkswagen Group is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the ...
UK and EU strike new Brexit deal in last-ditch talks
October 17th, 2019
Negotiators from the U.K. and EU reached a draft Brexit deal in 11th-hour talks Thursday, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster. Sterling rose on news after the U.K. ...
UK pound retreated further from last week’s gains
September 17th, 2019
The pound retreated further from last week’s gains following a heated remarks by Luxembourg Prime Minister Xavier Bettel on Monday showing that the gap between the British and European Union positions on Brexit remained far apart. Bettel lashed out ...
Brexit latest: EU nationals to be granted right to stay in UK for three years in case of no-deal Brexit
September 6th, 2019
Britain’s government has abandoned plans to end freedom of movement for European Union citizens immediately after a possible no-deal Brexit and will instead return to an earlier policy of giving them three years’ temporary leave to remain. The fate ...
UK Regulator provides clarity on current cryptoassets regulation
August 5th, 2019
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, published Final Guidance which sets out the cryptoasset activities it regulates. This is in response to the FCA’s consultation published earlier this ...
UK financial regulator proposes ban on sale of crypto-derivatives to retail consumers
July 4th, 2019
The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets. The FCA considers these products are ill-suited to retail consumers ...
UK is higher than most among EU jurisdictions in notifying regulator on GDPR breaches
June 14th, 2019
UK is higher than most among EU jurisdictions in notifying regulator on GDPR breaches, but “just in case” says law firm. The first year of the General Data Protection Regulation (GDPR) together with the narrow reporting window, lack of detailed ...
UK watchdog warns about Forex and Crypto scams; Victims lost on average over £14,600 last year
May 29th, 2019
The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms. This warning comes as cryptoassests (crypto) and forex investment scams reports more than tripled last ...
