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FCA


Blockchain crowdfunding ideas may be ten-a-penny these days, but seeing the concept tested out by a financial regulator and a major stock exchange is pretty unique. Still, that’s what’s happening now in the U.K. where the London Stock Exchange Group (LSEG) and U.K. financial regulator, the Financial Conduct Authority (FCA), are working with distributed ledger …

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For the first time, the U.K.’s financial regulator is directly recognizing the potential of blockchain-related startups. For the latest and fourth cohort of startups for its regulatory “sandbox,” the country’s Financial Conduct Authority (FCA) has given access to 11 blockchain and distributed ledger technology-related companies – almost 40 percent of the 29 accepted. The regulator …

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The U.K.’s Financial Conduct Authority (FCA) has written to bank CEOs over the potential risks they face when dealing with cryptocurrencies. As the British regulator for around 58,000 financial services firms and financial markets in the U.K., the FCA has issued formal warnings before on the risks of investing in cryptocurrencies. In this latest warning, the …

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The U.K.’s financial watchdog has warned that companies offering services around cryptocurrency derivatives “likely” need to be authorized by the agency. In a statement posted to its website Friday, the Financial Conduct Authority (FCA), said that although it doesn’t consider cryptocurrencies to be currencies or commodities for regulatory purposes, cryptocurrency derivatives may be financial instruments under current directives. …

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The U.K.’s financial regulator has issued a warning to investors over an unregistered brokerage firm that appears to be offering cryptocurrency-related derivatives in the country. In a statement Thursday, the Financial Conduct Authority took aim at a firm called Olsson Capital, which, according to the regulator, is based in Sofia, Bulgaria. “This firm is not …

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Coinbase is officially expanding digital money services in the U.K. and EU. The U.K.’s Financial Conduct Authority granted Coinbase an e-money license, the company announced Wednesday. The license now enables the company the ability to provide payment services and issue digital cash alternatives, which can then be used to make card, internet or phone payments. …

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The UK’s financial watchdog announced last Friday that it will carry out a deeper analysis on the applicability of national laws to the initial coin offering (ICOs) funding mechanism so as to determine the need for “further regulatory action.” In a feedback statement issued Friday, and connected to its past publishings on blockchain broadly, the Financial Conduct …

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The head of a British financial regulator has warned that people stand to lose their funds if they invest in bitcoin. Andrew Bailey, chief executive of the UK’s Financial Conduct Authority (FCA), told the BBC’s Newsnight program that buying bitcoin poses similar risks to gambling and, since it is neither backed by central authorities nor regulated, …

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Noelle Acheson is a 10-year veteran of company analysis and corporate finance, and a member of CoinDesk’s product team. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday, exclusively to our subscribers. Life isn’t easy for a startup. As anyone who has tried it knows, it’s long hours, low pay, constant stress …

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