New Regulations For Stablecoins
The UK Government – presumably spurred on by Prime Minister Rishi Sunak – has announced it will be bringing forward new regulations in respect of stablecoins (Britcoin, if you must, and others) but also in respect of staking, exchanges, and custody by the middle of the year. Of course, there is in fact already a […]
FCA Announcement
Pending the determination of our application by the Financial Conduct Authority The Scotcoin Project CIC has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a crypto asset business until 9 July 2021, Scotcoin will continue to comply with the MLRs, including the requirement […]
Scotcoin Project applies to FCA for registration
The Scotcoin Project CIC has applied to the FCA for registration under the Crypto Currency regulations which became law from 10th January 2020, which applies to all crypto businesses from 10th January 2021. This is to align with the Fifth Anti Money Laundering Directive (5AMLD) which came into force on the 10th January 2020 as […]
