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U.K. Regulators Crack Down on Crypto Impulse Buys
The rules—proposed by the Financial Conduct Authority, the U.K.’s main financial regulator—would take effect Oct. 8 and apply to all companies, domestic and international, that sell crypto to U.K. consumers. “The new rules mean crypto firms must ensure that people have the appropriate knowledge and experience to invest in crypto,” the FCA said. About one in 10 U.K. citizens owned crypto assets in 2022, more than double the share from the prior year, according to FCA surveys.
- 2023-06-08
- Financial Conduct Authority
UK regulator cracks down on illicit London crypto ATMs
Britain's markets regulator and police have swooped on suspected illegal crypto cashpoints (ATMs) across east London as authorities step up attempts to disrupt unregistered businesses deemed high risk for consumers. The Financial Conduct Authority (FCA), which last month launched a similar crackdown in the northern English city of Leeds, said on Wednesday it was reviewing evidence gathered from "a number of sites" and might take further action. The FCA, which has long warned consumers that cry
- 2023-03-08
- Financial Conduct Authority east London FCA cashpoints