FCA – The Shib Daily

Policy·Regulation·Road 2 Crypto·Technology

FCA Charges London Man for Running Illegal Crypto ATMs

September 11, 2024

The Financial Conduct Authority (FCA) in the United Kingdom on Tuesday charged 45-year-old Olumide Osunkoya for running multiple crypto ATMs without a proper FCA registration. “Mr Osunkoya is accused of running crypto ATMs, which processed £2.6m (approx. $3.4 million) in crypto transactions across multiple

Bitcoin·Policy·Regulation·Road 2 Crypto

TikTok Accused of Running a Secret Crypto Exchange – Here’s Why

October 16, 2024

TikTok is being scrutinized in the UK for potentially operating like a cryptocurrency exchange. According to Financial News, a compliance expert alerted the Financial Conduct Authority (FCA) regarding TikTok’s virtual currency system, TikTok Coins. Users purchase these coins with real money to gift creators on the platform, but concerns have been raised about the possibility

October 22, 2024

UK’s FCA Defends Strict Crypto Regulations to Combat Money Laundering and Crime

The Financial Conduct Authority (FCA) of the UK has defended its rigorous