FCA

  • Strengthening Regulations on Encrypted Marketing: Sarah Pritchard’s Plans

    According to reports, Sarah Pritchard, Executive Director of the Financial Conduct Authority (FCA) in the UK, stated at the London City Week meeting that she plans to strengthen re

    04/26/2023
    226
  • UK Regulators Warn Against Promoting Illegal Get Rich Quick Plans on Social Media

    According to reports, the Financial Conduct Authority (FCA) and the Advertising Standards Authority (ACA) in the UK have jointly issued a warning to social media \’financial influen

    04/07/2023
    177
  • Electronic currency institution Verto launches USD account

    According to reports, the FCA has authorized Verto of the Electronic Money Institute (EMI) to launch a US dollar account. According to the Electronic Money Regulations (EMR) of 2011, customer funds are deposited in protected accounts, which set out protection requirements to protect the funds received by customers to provide payment services or electronic currency. Interpretation of this information: The Financial Conduct Authority (FCA) has recently authorized Verto, an Electronic Money Institute (EMI), to launch a US dollar account. This means that Verto will be able to offer payment services…

    03/24/2023
    207
  • Chief Executive Officer of UK FCA: unable to develop a regulatory framework to protect crypto investors from losses

    On March 9, Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), told the Special Committee of the Ministry of Finance on Wednesday that FCA could not create a regulatory framework for cryptoinvestors to protect them from losses. Rathi said: “No matter what we do in terms of regulation, we cannot establish a framework to protect consumers from losses. Under any circumstances, people should never expect to be compensated in this way.” Interpretation of this information: The statement made by Nikhil Rathi, the chief executive of the Financial…

    03/09/2023
    351