UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations

Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were being investigated over their involvement in selling cryptocurrencies. Additionally, alerts and warnings had been sent to another dozen or … Continued The post UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations appeared first on CCN

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British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto

At a European Parliament meeting in 2013, British politician Godfrey William Bloom said that all major banks are broke and criticized the ability of banks to lend money they do not have, which is not possible with decentralized currencies like crypto. At the time, Bloom stated that the ability of central banks to print and The post British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto appeared first on CCN

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Cryptocurrency Derivatives in the UK at Risk of Ban, Taskforce to Have Final Say

Cryptocurrency derivatives including futures, options and contracts for differences could potentially be prohibited in the United Kingdom in the near future. According to a statement issued by the Financial Conduct Authority (FCA), UK’s financial watchdog, consultations will be held between now and the first quarter of next year where a ban on crypto derivatives will The post Cryptocurrency Derivatives in the UK at Risk of Ban, Taskforce to Have Final Say appeared first on CCN

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