FCA policy, institutional products, startups, and the UK’s digital asset regulatory roadmap.
UK FCA has taken a hard stance against crypto and fintech companies operating without authorization, requiring all companies offering financial services to register with it.
Liz Truss has yet to declare her crypto stance. However, tough decisions in the meantime spell trouble ahead for digital assets.
Two Britons Hamiton and McDonalds had filed to avoid extradition the US. A UK Judge, however, ruled that Hamilton will proceed for trials in the US, while McDonald will remain in the UK.
Magnus Granath, AKA @Hodlonaut, brought legal proceedings against Craig Wright for a trial starting September 12.
Elon Musk quipped about buying Manchester United. However, $100 invested in Manchester United at its IPO would have netted just $98 at its peak price.
One of the biggest names in crypto, Crypto.com, just received FCA approval in the UK making it one of just 37 companies to achieve the status.
According to the regulator, the advertisements were promotion of cryptocurrencies to the general public. Hence, it should contain clear warnings about the risks of such investments.
The U.K's plans to become a global crypto hub hang in the balance as Sunak and Truss face off for the Prime Minister role.
The FCA chalked out tougher rules for the marketing of high-risk investment products and is waiting for the passing of legislation to see how crypto promotions come under its purview.
