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, 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 […]