The FCA has asked the world’s largest crypto exchange, Binance, to stop offering regulated activities in the UK. However, it is questionable what impact this will have since the FCA does not regulate crypto currencies as an asset class but does regulate derivatives created around/based on cryptos.
In Germany, the company which owns the German Stock Exchange has just acquired a controlling stake in Crypto Finance. Crypto Finance is regulated by Switzerland’s Financial Market Supervisory Authority and offers digital asset brokerage and custody solutions.
Real evidence of the interest in Digital Assets being shown from institutions has been the announcement that the world’s biggest FX broker, ICAP, has teamed up with Standard Bank and Fidelity and will be launching a new crypto trading platform.
Digital Bytes by Team Blockchain