Future

United

Read

<p class="is-style-lead">Bitstamp UK Limited and Interactive Brokers Limited have recently become the latest additions to the list of registered organizations in the UK.</p>



<p>The registration marks both entities as being among the first companies to join since the Financial Conduct Authority (FCA) included Hidden Road Partners and MoonPay in December 2022.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">&quot;With mainstream adoption continuing to be our goal, Bitstamp is establishing itself as a driving force in advocating that increased regulation is key to this journey&quot; &#8211; our CEO <a href="https://twitter.com/jb_bitstamp?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@jb_bitstamp</a> on being FCA registered in the UK 🚀 🌍<br><br>Read more 👇 <a href="https://t.co/pBAxCQGEB6" target="_blank">https://t.co/pBAxCQGEB6</a></p>&mdash; Bitstamp (@Bitstamp) <a href="https://twitter.com/Bitstamp/status/1668987326419066881?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 14, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading" id="a-secure-pathway">A secure pathway</h2>



<p>Bitstamp U.K. Limited received regulatory authorization on June 13, as reported by the FCA, through an update on its <a href="https://register.fca.org.uk/s/search?predefined=CA" target="_blank" rel="noreferrer noopener">crypto register</a>. </p>



<p>The FCA confirmed this development, making Bitstamp the second company to secure approval within a span of two days, following Interactive Investors (UK), a broker. Prior to these recent approvals, the FCA had not granted authorization to any crypto firms since December.</p>



<p>To operate in the U.K., crypto companies must successfully pass the FCA&#8217;s stringent anti-money laundering checks. The digital assets community has eagerly anticipated signs of a more lenient approach from the FCA regarding regulations.</p>




    <p>
        You might also like:

        <a href="https://crypto.news/ava-labs-ceo-to-testify-before-us-house/">
            Ava Labs CEO to testify before US House        </a>
    </p>




<p>While the U.K. government has actively promoted London as a cryptocurrency hub, the regulatory approvals process has faced criticism for its slow pace and overly conservative nature. Merely 15% of applications have successfully navigated the FCA&#8217;s scrutiny, contributing to the perception of a challenging regulatory environment.</p>



<p>Recent actions taken by the FCA include ordering local crypto ATM providers to cease operations or face further consequences and directing Binance Markets Limited to halt its activities in the U.K.</p>



<p>Bitstamp&#8217;s official authorization further emphasizes the stance of the U.K.&#8217;s All-Party Parliamentary Group (APPG) report, which highlighted the aim of the country to become a global center for cryptocurrency and fintech development. </p>



<p>Emphasizing the importance of regulatory measures to safeguard consumers and maintain the U.K.&#8217;s industry leadership, the report underscores the need for robust frameworks in this sector.</p>



<h2 class="wp-block-heading" id="ongoing-discussions-on-digital-asset-oversight">Ongoing discussions on digital asset oversight</h2>



<p>This announcement comes just one day after lawmakers in the United States and the United Kingdom&#8217;s hearings on June 13, which created a critical juncture in the ongoing discussions surrounding digital asset oversight.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="Coinbase CEO on Crypto Regulation, It&#039;s Staking Product" width="1020" height="574" src="https://www.youtube.com/embed/SZobPKQYRyE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>The U.K. Parliament engaged in a debate centered around the findings of the Crypto and Digital Assets All-Party Parliamentary Group (APPG) report, emphasizing the necessity of implementing cryptocurrency regulations.</p>



<p>At the same time, the House Committee on Financial Services in the United States held a hearing titled &#8220;The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem&#8221;. </p>



<p>The purpose of this hearing was to direct the focus of lawmakers and the general public toward digital assets, shedding light on their potential risks and benefits, as well as the role of government in regulating them.</p>




    <p>
        Read more:

        <a href="https://crypto.news/twitter-thread-shows-coinbases-servers-may-be-compromised/">
            Twitter thread shows Coinbase’s servers may be compromised        </a>
    </p>

UK grants Bitstamp official authorization to operate as cryptocurrency exchange

목차

crypto.news

2023년 6월 14일에 게재된 다른 기사

Rising Interest in Cryptocurrency Sparks Turkey's Economic Shift

Uniswap v4 Announcement Spurs Wintermute Trading’s $3.7M UNI Token Acquisition

XRP to the moon? Crypto expert predicts potential surge to $0.80

Connext Labs Bags $7.5M to Help Developers Bring Web3 Apps to the Mainstream

LVMH Taps Epic Games to Bring New Immersive Experiences to Its Creative Pipeline

Three Promising Altcoins Set to Surge: Technical Analysis Insight

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!