The U.K. government is actively seeking to curb criminal behaviour that utilises crypto, such as money laundering and terrorism financing. All U.K.-based crypto firms must comply with Anti-Money Laundering and Counter-Terrorist Financing laws and are required to register with the U.K. financial regulator, the Financial Conduct Authority (FCA), in order to operate legally. Many firms have not yet registered. Recently, the FCA warned consumers against dealing with more than 100 crypto companies that are not registered with the FCA. A list of unregistered firms has been provided to enable investors to determine whether a firm they intend to deal with is non-compliant.
- EU plans to ban large anonymous transfers of cryptocurrency as an anti-money laundering measure 20 July 2021
- SFC announces Binance not licensed to sell stock tokens in Hong Kong 16 July 2021
- UAE is considering launching a digital currency 12 July 2021
- Russia to allow authorities to confiscate illegally obtained digital assets 7 July 2021
- US Regulator warns investors against Bitcoin futures funds 10 June 2021