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UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency

The U.K.’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers. Also Read: In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina 3% of Brits Report Buying Crypto

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The Daily: New Institutional Crypto Wallet, Korean Won Stablecoin

In today’s edition of The Daily, we feature a couple of new offerings in the cryptocurrency market including a wallet made for exchanges and token issuers as well as the latest fiat-backed stablecoin. Additionally covered are an exchange that underwent an auditor’s inspection and a crypto CFDs provider that

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67 Cryptocurrency Companies Probed by UK Regulator

The U.K.’s Financial Conduct Authority (FCA) has reportedly provided an update of its investigations of crypto companies. A total of 67 inquiries were launched, 49 of which have been closed, leaving 18 businesses currently under investigation. The UK government has reportedly said it is ready to give power to

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Allianz Global Investors CEO Calls for Cryptocurrencies to Be Outlawed

The head of one of Europe’s largest asset managers, Allianz Global, has called for global regulators to “outlaw” crypto assets. The outburst from CEO Andreas Utermann came during a panel discussion in London.  Also read: Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering Cryptocurrencies Have “Wiped out People’s Savings” Allianz Global Investors

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UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use

Christopher Woolard of the United Kingdom (UK) Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit adoption of crypto assets amid increased adoption among local businesses and consumers. Despite announcing increased regulatory action regarding illegal use of crypto, Woolard stated he

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Market Slump Puts Crypto Derivatives in the Spotlight

As volatility returns to cryptocurrency markets, with serious losses over the past week or so, digital asset exchanges and other fintech platforms have again turned their attention to crypto derivatives. Instruments such as bitcoin futures contracts can help traders hedge against risks and even profit from falling prices.  Also read:

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