Economic Secretary Highlights UK Commitment to Develop Digital Currency “Regime”

In a speech at the Alan Turing Institute for Data Science last week, UK Economic Secretary Harriett Baldwin emphasized national efforts to create a regime for digital currencies and a commitment to regulate digital currency...

Are you trading a digital currency derivative? UK

Financial Markets Act 2000 (FSMA) is the main legislation regulating the financial services industry. This may affect you if you are trading digital currency derivatives in the UK. Core prohibition under s.19 FSMA: "(1)No person may...

Money Laundering Regulations 2007 – UK

Money Laundering Regulations 2007 (MLR) ONLY applies to regulated businesses in the UK. These place proactive obligations on regulated firms to conduct customer due diligence, record keeping. Some of the requirements are as follows: Application of customer due...