FCA

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HSBC restricts crypto purchases on FCA advice

0xMain
February 28, 2023

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HSBC does not allow crypto purchases using their cards starting Feb. 23 due to possible customer risk. The financial giant claims that the Financial Conduct Authority (FCA) has warned against investing in crypto assets, considering them high-risk and speculative investments. However, HSBC and...

Crypto firms face uphill battle to meet FCA standards

0xMain
January 26, 2023

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In a concerning discovery, a new report from the Financial Conduct Authority (FCA) reveals that a staggering 85% of cryptocurrency firms who applied for a license with the regulator failed to meet its minimum standards. Published on Jan. 26, the report, which the...