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The UK Financial Conduct Authority has targeted three more London sites in its action against unregistered peer-to-peer crypto businesses. Its enforcement chief warned that operators without registration should expect regulatory scrutiny.
Velocity has expanded its Series A funding to $48 million at a $200 million valuation, CEO Eric Queathem said. Visa, Circle and Ripple are among the backers of the London-based payments infrastructure firm.
The FCA is working with the Treasury on a possible bespoke framework that would exempt tokenized gold from traditional fund rules, in an effort to support London’s gold market.
Monument Bank postponed its retail tokenized deposit launch while onboarding a Canadian custody partner to meet Financial Conduct Authority requirements. The London-based challenger bank now expects to roll out the service by November.
US and UK authorities will coordinate investigations and share information to target crypto scam centers. A private-sector disruption operation is planned for London in October, Cointelegraph reports.
Ondo says existing U.S. securities laws could support perpetual futures tied to individual stocks and is urging the SEC and CFTC to help bring such derivatives activity onshore, Cointelegraph reports.
The London Stock Exchange operator is reportedly working with Kraken’s parent on 24/5 exposure to tokenized UK equities, as traditional financial institutions accelerate efforts to develop blockchain-based stock offerings.
