Catenaa, Tuesday, December 17, 2024-The Financial Conduct Authority (FCA) on Monday released a discussion paper aimed at tightening regulations within the United Kingdom’s crypto-asset market. The move seeks to tackle abuse, enhance transparency, and provide clearer rules for businesses and consumers. The FCA is urging authorized trading platforms to adopt stronger internal measures to detect […]
Catenaa, Tuesday, February 04, 2025 – US-based cryptocurrency exchanges Kraken and Coinbase have received regulatory approvals, clearing the way for expanded operations in the European Union and the United Kingdom, respectively. Kraken obtained a Markets in Financial Instruments Directive (MiFID) license in the EU through its acquisition of a Cypriot investment firm regulated by the […]
Catenaa, Friday, November 29, 2024-A report by the UK’s Financial Conduct Authority (FCA) revealed that 12% of UK adults, or approximately 7 million people, now own cryptocurrency, up from 10% in 2022. The average value of crypto holdings rose to £1,842, with a growing percentage of investors holding assets worth £5,001 to £10,000. The study can […]
Catenaa, Wednesday, January 08, 2025 – UK’s Financial Conduct Authority (FCA) was able to remove just 54% of illegal cryptocurrency advertisements in the United Kingdom over the past year, according to a report by the Financial Times. Despite its efforts, nearly half of the flagged promotions remain online, revealing ongoing challenges in enforcing compliance, analysts […]
Catenaa, Wednesday, February 19, 2025 – UK inflation rose to a more-than-expected 10-month high in January, official statistics said on Wednesday, diminishing hopes for low interest rates and highlighting challenges to the Bank of England. The Office for National Statistics said inflation, said inflation as measured by the consumer prices index, rose to 3% in the year to […]
Catenaa, Thursday, February 13, 2025 – The United States US) and the United Kingdom (UK) have refused to sign an international declaration on artificial intelligence (AI) at the AI Action Summit in Paris, citing concerns over national security and governance. The agreement, backed by 61 countries, including France, China, and India, calls for an “open,” […]