Don’t onboard unregistered crypto clients, UK FCA warns banks
By Phoebe Seers ( November 27, 2024, 11:06 GMT | Insight) -- UK banks and other regulated firms have been warned that they’re exposing themselves to potential criminality by taking on as clients cryptoasset companies that haven’t passed the Financial Conduct Authority’s stringent registration regime. The FCA said it’s concerned that some regulated firms are supporting unregistered cryptoasset businesses, which could be breaching its rules on marketing to UK consumers.UK banks and other regulated firms have been warned that they’re exposing themselves to potential criminality by taking on as clients cryptoasset companies that haven’t passed the regulator’s stringent registration regime....
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