Not everyone welcomes the Treasury’s exemption. Given the Financial Conduct Authority’s increasing focus on consumer protection “it is hard to see how the regulator could ever agree to this,” said James Alleyne, legal director at Kingsley Napley, who worked at the FCA previously in an emailed statement.
A new set of much-anticipated regulatory plans published by the Treasury on Wednesday could make it mandatory for crypto firms to be authorized by the Financial Conduct Authority . For now, firms have to apply for FCA registration under its anti-money laundering regime.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Celsius opens some withdrawals, and how governments are building blockchain tech: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Daniela Barbosa of Hyperledger Foundation discusses why government agencies are building blockchain networks.
Source: CNBC - 🏆 12. / 72 Read more »
How the Crypto Industry Can Move Forward in 2023U.S. officials in the Biden administration published a statement on Friday urging Congress to “step up its efforts” with respect to regulating the cryptocurrency market. Chamber of Digital Commerce Founder and CEO Perianne Boring weighs in on the state of U.S. crypto regulation and the 'critical role' of Congress to provide oversight of U.S. regulators. FTX_Official DigitalChamber PerianneDC In 2022, it was certainly not boring. 😉 FTX_Official DigitalChamber PerianneDC Big Pharma gets a seat at the table for self-regulation, but the digital asset industry gets absolutely nothing. Cool, makes sense. Especially when its a non-us based firm we are talking about. DeFiloud FTX_Official DigitalChamber PerianneDC 🚀
Source: CoinDesk - 🏆 291. / 63 Read more »
UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry FeedbackNEW: The U.K.'s hmtreasury is proposing crypto rules that focus on consumer protection and is seeking feedback from industry stakeholders. camomileshumba reports hmtreasury camomileshumba cz_binance
Source: CoinDesk - 🏆 291. / 63 Read more »
Britain sets out plans to regulate crypto industry in wake of FTX collapseIn December, a U.K. minister suggested FTX's failure had reinforced the need for urgent crypto regulation. Now, the government has unveiled its plans. Who thinks the current UK government is capable of regulating an industry at this time, or will its ineptitude and dishonesty make a hash of it, inevitably, even if everyone in the Room wants a solution?
Source: CNBC - 🏆 12. / 72 Read more »
The UK to Enforce 'Robust' Standards in the Crypto Industry After FTX CrashRishi Sunak's administration plans to implement 'robust, transparent, and fair standards' on the domestic cryptocurrency industry.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
White House's Second Crypto Paper Sees Crypto As Threat | CoinMarketCapIf you want to see what difference a year has made in the Biden administration's perspective on a regulatory framework for cryptocurrencies, you don't need to look much beyond the titles of its two major statements on the topic. 🫵 $HZM is on its way to 1000x grab a bag now before it's too late! Big updates on the way Based Dev Big Project’s Metaverse NemoLandKingdom Strong community HZMCoin malarab1 1000xgem Binance Bitcoin It's what happens when the House is controlled by wall street
Source: CoinMarketCap - 🏆 290. / 63 Read more »