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Tag: U.K

U.K. Asks Banks to Scrutinize Cryptocurrency Businesses, Does Not Consider Asset Class as Criminal

Category: Bitcoin, Blockchain, News, Regulation

U.K. Asks Banks to Scrutinize Cryptocurrency Businesses, Does Not Consider Asset Class as Criminal

The CEOs of several major banks in the U.K. received a letter from the country’s Financial Conduct Authority (FCA) over the potential risks when dealing with cryptocurrencies on June 11, 2018. Cryptocurrency Firms Pose Risk to Financial Framework As per details of the letter, institutional banks and financial service firms were formally notified of the implications of dealing with cryptocurrency…

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