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FCA Pens Warning to FTX on Violation of Set Rules

The UK Financial Conduct Authority (FCA) published a warning on Friday directed at crypto exchange FTX, alleging that the exchange was providing financial services without authorization from the agency. The regulatory watchdog revealed that giant cryptocurrency exchange FTX was not authorized in the UK but is offering services to resident investors. According to dictates, companies […]

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FCA Chief Reveals Collaborative Plan by U.K. and U.S. to Regulate Crypto Industry

Chief executive of the Financial Conduct Authority (FCA), Nikhil Rathi, outlined his agency’s regulatory goals, making mention of cryptocurrency, last Wednesday at Peterson Institute for International Economics. Rathi noted that “one area of global focus is crypto, both opportunities, and risks,” further explaining: “Currently, our remit is limited to anti-money laundering rules for platforms. We […]

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