The UK Treasury has issued a consultation on the regulatory approach to cryptoassets and stablecoins. It discusses the current regulatory landscape for cryptoassets, puts forward proposals for the extension of the regulatory...more
The UK Financial Conduct Authority (FCA) has reminded crypto businesses to apply for registration by the end of the month to ensure that their applications are processed on time before the January 2021 deadline....more
The International Organization of Securities Commissions (IOSCO) published a report, identifying the potential implications of global stablecoin initiatives for securities markets regulator. ...more
The UK Financial Conduct Authority (FCA) has become the anti-money laundering and countering the financing of terrorism (AML/CFT) supervisor for some types of cryptoasset businesses. These will need to meet certain...more
1/21/2020
/ AML/CFT ,
Anti-Money Laundering ,
Covered Transactions ,
Cryptoassets ,
Due Diligence ,
E-Money ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
Know Your Customers ,
Lead Supervisory Authority ,
Money Laundering ,
Payment Methods ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Assessment ,
Terrorism Funding ,
Terrorist Financing ,
Terrorist Financing Regulations ,
Transaction Monitoring ,
UK ,
Virtual Currency
What has happened?
The Bank of England (BoE) has confirmed that its revamped real-time gross settlement (RTGS) system will be compatible with interface systems that run on blockchain-based technology....more