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Singapore Payment Services Act Now in Effect For Crypto Firms

Singapore Payment Services Act Now in Effect For Crypto Firms

The Monetary Authority of Singapore now requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers.

Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker

Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker

Bulgarian crypto broker, 5 Capital, has been offering financial services to investors without being approved by the Germany financial watchdog, federal financial supervisory authority (BaFin).

The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem

The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem

Cryptocurrency being a digital currency, created and managed through the use of advanced encryption techniques known as cryptography has been gradually modifying the world of finance as well as other sectors such as e-commerce and since its creation in 2009.

European Securities and Markets Authority Prioritizes Crypto-Related Regulation

European Securities and Markets Authority Prioritizes Crypto-Related Regulation

The European Securities and Markets Authority (ESMA) announced its key priorities list for 2020-2022. In its published document “Strategic Orientation for 2020-22,” the ESMA reflected its focus on supervisory convergence and its role in building the Capital Markets Union.

UK Financial Regulator Reveals: 1.9 Million British Adults Own Cryptocurrencies

UK Financial Regulator Reveals: 1.9 Million British Adults Own Cryptocurrencies

The Financial Conduct Authority (FCA) in the UK reported that 1.9 million adults own cryptocurrencies, representing 3.86% of the general population. The regulator also noted that 75% of them hold crypto worth less than £1,000, approximately $1,230.

UK FCA Regulator Proposes Mandatory AML Data Reports from Cryptocurrency Firms

UK FCA Regulator Proposes Mandatory AML Data Reports from Cryptocurrency Firms

The United Kingdom’s Financial Conduct Authority (FCA) has proposed obligatory AML reporting requirements for crypto exchanges.

Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance

Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance

Following the Part 1 interview of the Financial Conduct Authority, Maha El Dimachki, Head of Payments of the FCA reveals some of her key initiatives in the FCA, including the significance of the second Payment Services Directive (PSD2) among the EU countries and the rationale of the Stronger Customer Authentication. As Co-Chair of Spectrum, the BAME Network Group at the FCA, El Dimachki also provided some advice for women in FinTech!

Financial Conduct Authority, the Pacemaker of the UK FinTech Revolution

Financial Conduct Authority, the Pacemaker of the UK FinTech Revolution

We arranged an interview with Maha El Dimachki, Head of Payments of the FCA during Singapore FinTech Festival, which El Dimachki shares with us the contribution of the FCA for UK as the thriving FinTech hub, opportunities and threats of e-money firms from the current digital disruption.

UK’s Financial Watchdog Warns of Fraudsters Impersonating Blockchain.com

UK’s Financial Watchdog Warns of Fraudsters Impersonating Blockchain.com

The FCA has raised the alarm about fraudsters who want to lure the public using a cloned version of Blockchain.com, a crypto wallet and trading company.

Winklevoss Twins' Gemini and Archax Exchange Now Licensed by UK Financial Conduct Authority

Winklevoss Twins' Gemini and Archax Exchange Now Licensed by UK Financial Conduct Authority

The UK Financial Conduct Authority has granted a license to the Winklevoss twins’ Gemini cryptocurrency exchange.

United States Financial Regulators Sign Onto the Global Financial Innovation Network

United States Financial Regulators Sign Onto the Global Financial Innovation Network

In a joint report released by the US Securities and Exchange Commission on 24th October 2019, four US financial watchdogs have joined the Global Financial Innovation Network (GFIN).

Crypto OTC Trading Platform B2C2 Launches New Bitcoin-Settled Gold Derivative

Crypto OTC Trading Platform B2C2 Launches New Bitcoin-Settled Gold Derivative

Cryptocurrency over-the-counter (OTC) trading platform B2C2 created the first gold derivative product, priced and settled in Bitcoin. B2C2 stated that the gold-bitcoin derivative would allow institutional clients to trade gold via its OTC trading operations regulated and licensed by the United Kingdom’s Financial Conduct Authority (FCA).

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