Binance, Crypto and the FCA

What is Binance?   Binance.com is a centralised online exchange platform, offering users a range of financial products and services, including purchasing and trading digital currencies, as well as digital wallets, securities, savings accounts and even lending.   Where do the FCA stand?   The Financial Conduct Authority refuses Binance from conducting any “regulated activity”…

FCA proposes new ‘Consumer Duty’ rules for Firms

The Financial Conduct Authority is introducing greater protections for retail clients by introducing a new consumer duty principle, aimed for firms providing and advising on products and services. In turn, this will increase the responsibility of firms to ensure consumers are provided with the products and services that are best fit for purpose and represent fair value. Firms are…