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UK Financial Regulator Warns Crypto Investors Can “Lose All Their Money” In Defi

The U.K.’s Financial Conduct Authority (FCA) has warned that investments and lending products related to crypto come with “very high risks,” CNBC reported. The FCA has issued previous warnings in the past but the latest comes after Bitcoin reached new highs of over $42,000 last week. The digital asset has since crashed to $33,000 after… Read More

Crypto.com Reactivates MCO Visa Cards in Europe and UK

The UK Financial Conduct Authority (FCA) has announced the lift of their restrictions previously imposed on Wirecard. As a result, the popular crypto card provider Crypto.com can resume the issuance of its MCO Card.   Click here to get $50 back on a new MCO Visa card, and take advantage of all the great benefits… Read More

Crypto.com – Clients Should Be Immune to Risk after the Suspension of Wirecard by FCA

The UK’s Financial Conduct Authority (FCA) ordered Wirecard to cease all operations earlier this month, and Crypto.com confirmed that any and all customer funds have been returned. This means that there is no risk to client funds. According to a statement released on June 26 from the Financial Conduct Authority (FCA), Wirecard’s subsidiary responsible for… Read More

Binance to Launch UK Trading Platform with Fiat Onboarding in GBP and EUR

Binance, one of the major cryptocurrency exchanges in the world, has announced the launch of its UK Platform. The new platform will be registered with the UK Financial Conduct Authority and allows both retail and institutional investors to trade with GBP and EUR. If you are interested in Binance, please click here. This link will… Read More

United Kingdom Draws New, Tough Lines for Crypto Firms

The Financial Times today reported that the number of crypto firms being investigated by the UK’s financial regulator has surged by 74 percent in 2019. According to data obtained by the UK law firm Pincent Mason, The Financial Conduct Authority (FCA) is investigating 87 crypto companies, compared with 50 this time last year. It would… Read More

UK Watchdog Says BTC Does Not Need Regulation

Regulators Separating BTC & ETH from Other Cryptocurrencies The top financial watchdog in the U.K. has announced that it will not regulate Bitcoin and Ethereum. The Financial Conduct Authority (FCA) made the statement yesterday. This is interesting given that the FCA was the regulatory body that worked very hard to crackdown on crypto Ponzi schemes… Read More

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