UK Regulator Saw ‘Poor’ Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
The guiding principles focus on customer protection and include requirements to custody client funds separately from company assets.
While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views.