#fca

#fca

Starting today, firms can offer retail investors exposure to bitcoin and other cryptoassets through ETNs traded on FCA-approved investment exchanges such as the London Stock Exchange or Cboe UK. The change came into effect today after months of consultation and signals a more open - though still cautious - regulatory stance toward crypto. "Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood," said David Geale, executive director of payments and digital finance at the FCA.

Robinhood Markets Inc. is exploring an expansion of its prediction markets product to countries outside of the US, a move that would broaden the reach of the already fast-growing and often controversial industry. The brokerage has been speaking to overseas regulators like the UK's Financial Conduct Authority about how it might offer prediction markets locally, as demand for the space continues to grow.

Monzo's financial crime controls were so inadequate that customers registered with implausible addresses, such as Buckingham Palace and 10 Downing Street, without detection.