watchdog

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05 May 23

UK’s watchdog cracking down on illegal crypto ATM operators

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Using its powers under money laundering regulations, the UK Financial Conduct Authority (FCA) has raided crypto ATMs suspected of illegally operating across England. These actions come after previous operations in East London and Leeds, where the regulator issued warnings or cease-and-desist […]

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07 Mar 23

China to push reforms with new financial watchdog

China will establish a new federal financial regulatory body to replace its current banking and insurance watchdog, following plans for developing a national data bureau unveiled recently. The legislature may vote on reforms soon According to the proposal for financial regulation made to the Chinese parliament at its annual session, the State Council would oversee […]

22 Dec 22

California watchdog issues cease order on crypto firm

Due to potential breaches of state securities law, the California Department of Financial Protection and Innovation (DFPI) has ordered the cryptocurrency lending platform MyConstant to stop marketing many of its cryptocurrency-related products. This comes after the watchdog issued a warning in July stating that it would be cracking down on companies offering cryptocurrency interest accounts […]