UK Seeks to Recognize Crypto as Regulated Industry HEAD TOPICS

UK Seeks to Recognize Crypto as Regulated Industry

10/21/2022 3:26:00 PM

NEW Despite ongoing political turmoil the U K government has proposed to extend financial regulations to comprehensively cover crypto @jackschickler reports

Source

CoinDesk

NEW: Despite ongoing political turmoil, the U.K. government has proposed to extend financial regulations to comprehensively cover crypto. jackschickler reports The government measure was welcomed by an industry that had complained U.K. rules would be limited to stablecoins, though it may be affected by ongoing political turmoil in the country. . Under the U.K. laws dating back to 2000, it is prohibited to carry out regulated financial activities without permission.The measures seem likely to find favor with an industry that has been crying out for wider regulatory certainty, such has already been offered by the European Union via its Markets in Crypto Assets regulation (MiCA). "The amendments enable the Treasury and FCA [Financial Conduct Authority] to introduce a full regulatory regime for crypto, a hugely positive step," Nicholas Taylor, head of public policy at crypto exchange Luno told CoinDesk in an emailed statement. Luno is owned by CoinDesk's parent company, the Digital Currency Group. Read more:
CoinDesk » South Africa declares crypto to be a financial product subject to financial services law ‎Bloomberg Crypto: How Money From Crypto Firms Is Shaping US Politics on Apple Podcasts Remittances drive ‘uneven, but swift’ crypto adoption in Latin America Japan to Relax Cryptocurrency Listing Rules – Regulation Bitcoin News

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Silver Peak has gained newfound attention in recent years as the energy and transportation sectors race to wean themselves off climate-warming fossil fuels. Read more >> South Africa declares crypto to be a financial product subject to financial services lawThe South African Financial Sector Conduct Authority has declared crypto assets to be a financial product, which is an important first step in regulating the sector. ‎Bloomberg Crypto: How Money From Crypto Firms Is Shaping US Politics on Apple Podcasts🎧 Crypto investors are dumping money into US politics, especially ahead of November’s congressional elections. Bloomberg's bill_allison joins this episode to discuss how crypto is shaping the political landscape Apple: Spotify: bill_allison GUYS!! The craziest airdrop is Live 💰 bill_allison GUYS!! Why is everybody silent on this? bill_allison Why is nooboody talking about this. Remittances drive ‘uneven, but swift’ crypto adoption in Latin AmericaCrypto value received by Latin American countries increased by 40% over the past year according to a Chainalysis report, with remittances, storing money and profit-seeking seen as key adoption factors. Truecitynft Whitelist presale coming on pinksale platform soon 📌Token presale info NO PRIVATE SELL Tax: 0% Buy and Sell Classic sale/Whitelist 600 BNB HC (low HC) 300 BNB SC Minimum purchase: 0,1 BNB.- Maximum purchase: 2 BNB. 🔥🔥 Huge marketing campaign Japan to Relax Cryptocurrency Listing Rules – Regulation Bitcoin NewsThe Japan Virtual and Crypto Assets Exchange Association plans to allow crypto trading platforms to list coins without a lengthy screening process. cryptocurrency Airdrop campalgn now Why is nooboody talking about this Why dont they want us to know this Kraken crypto exchange is next to close doors to Russian usersCrypto exchange Kraken is restricting accounts of Russian users on its platform, joining firms like Blockchain.com, Crypto.com and LocalBitcoins. It seems to me that there are very few crypto exchangers left that Russians can use. Is Bitfinex available for them? krakenfx coindanslecoin Crypto millionaires will be the greatest philanthropists the world have ever seen. We know what it's like to have nothing. I'm still working a minimum wage job in discount store despite gaining heavily from crypto. Follow bernie_Doranfx for guide on Btc earning tips,& tweets krakenfx coindanslecoin the Financial Services and Markets Bill .0:00 News The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, published a notice on Oct.Bloomberg Crypto Business News Wealthy crypto investors are dumping a bunch of money into US politics, especially ahead of November’s congressional elections.remittance market estimated to have reached $150 billion in 2022. Under the U.K. A decision of this type has been expected for several months, and it brings crypto assets under regulation in South Africa for the first time. laws dating back to 2000, it is prohibited to carry out regulated financial activities without permission. Bankman-Fried has said that he could spend up to $1 billion on the 2024 presidential election. The measures seem likely to find favor with an industry that has been crying out for wider regulatory certainty, such has already been offered by the European Union via its Markets in Crypto Assets regulation (MiCA). Additionally, it “applies cryptographic techniques” and uses distributed ledger technology. "The amendments enable the Treasury and FCA [Financial Conduct Authority] to introduce a full regulatory regime for crypto, a hugely positive step," Nicholas Taylor, head of public policy at crypto exchange Luno told CoinDesk in an emailed statement.S. Luno is owned by CoinDesk's parent company, the Digital Currency Group. This is an historic moment for South Africa: Today the Financial Sector Conduct Authority (FSCA) declared a crypto asset as a financial product under the FAIS Act.com/listener for privacy information. Andrew Jackson of fintech industry group Innovate Finance also drew attention to the lacuna at a hearing on the bill Wednesday. Regulators have also been itching to extend their powers to cover crypto. — Farzam Ehsani (@farzamehsani). In August the FCA went so far as to set out the restrictions it wants to put on crypto ads , in advance of legislation. One of the most prolific donors in the space is Sam Bankman-Fried, the billionaire co-founder of FTX. The bill is due to be discussed in committee between now and Nov. This has led to regular consumers, attempting to protect themselves from their plummeting national currencies, to take and hold stablecoins in order to make their everyday purchases. 3, but may be affected by the departure of Prime Minister Liz Truss announced Thursday. The nomination of a successor, due next week, may herald a change in other ministerial positions. See omnystudio. Read more: .