Tag: FCA

The UK’s FCA Shows a Keen Interest in Bitmex

Bitmex is one of the more interesting platforms related to cryptocurrencies. However, due to some very odd developments in recent years, the FCA is now officially investigating the platform. Any company providing access to crypto-related financial services needs to be scrutinized. Bitmex may Face Regulatory Scrutiny This is especially true when dealing with margin trading for volatile assets. In the case of Bitmex, the platform has seen some very unusual …
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The UK Clamps Down on Cryptocurrency Operations

We’re used to hearing about regulation by now. But most of the news that makes the headlines comes from the United States SEC and its latest statements or subpoenas. However, it seems that the United Kingdom is following suit. The country’s financial regulator and markets watchdog, the Financial Conduct Authority (FCA), says there are now 24 pending investigations into cryptocurrencies, according to Citywire. Regulatory Action Could be Taken The FCA confirmed that it has looked …
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UK’s FCA Actively Probing Two Dozen Cryptocurrency Firms

Despite the growing interest in cryptocurrency, not all ventures should be trusted by default. In the United Kingdom, an active investigation into two dozen cryptocurrency firms has been launched by the Financial Conduct Authority. Although this doesn’t mean any of these firms have done something illegal, it will be interesting to see what the investigation turns up. The FCA is on the prowl The cryptocurrency industry is undergoing some big changes. For …
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UK Regulator Issues Warning on Trading Digital Currency CFDs

Recently, digital currency contracts for differences, also known as CFDs, have become more and more popular thanks to an increased marketing effort on the part of providers. Because of this, the UK Financial Conduct Authority (FCA) has decided to issue a warning pertaining to the possible risks that investors expose themselves to when trading CFDs. Understanding the CFD risks Digital currency CFDs are complex financial instruments allowing investors to speculate on the possible …
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