Only three percent of Brits own cryptocurrencies according to new research. The research was conducted by the Financial Conduct Authority, the U.K’s financial services regulator. A majority of these crypto owners are men, aged between 20 and 44. Of those who own cryptos, an overwhelming majority describe it as a […]
Tag: UK Financial Conduct Authority
Winklevoss’ Gemini Crypto Exchange Exploring The Lucrative UK Market
While it may not compete with Binance as the largest exchanges in the world, Gemini crypto exchange is certainly among the most renowned. Founded and led by Tyler and Cameron Winklevoss, the exchange has recently had its stablecoin approved and now, it’s eyeing the UK crypto market. According to sources […]
UK Regulator Advises Banks to “Enhance Your Scrutiny” When Dealing with Crypto Firms
The Financial Conduct Authority, a financial industry regulator in the UK, has called for appropriate caution and enhanced scrutiny from banks as they handle firms engaged in crypto trading. In an open letter to CEOs, the FCA’s Executive Directors of Supervision, Megan Butler and Jonathan Davidson, listed a number of […]