follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: Crypto businesses in the UK will have to pay a £10,000 registration fee to FCA  (Read 2992 times)

Offline mlawson71

  • Legendary
  • *
  • Activity: 1866
  • points:
    35407
  • Karma: 29
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 06, 2022, 05:20:08 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
The British regulator Financial Conduct Authority (FCA) has a new role – supervising the cryptocurrency sector in an attempt to control terrorism financing and money laundering. In order to do that the regulator is introducing a two-tier fee system for all cryptocurrency companies.

According to the new system, companies that make less than 250,000 GBP per year will have to pay a 2,000 GBP fee, and those who make over 250,000 GBP will be required to pay 10,000 GBP.
Source
I think that cryptocurrency exchanges and crypto companies in general getting a proper license is a positive thing because it will provide them with mainstream legitimacy and make it safer for people who don’t know much about cryptocurrency industry to trade cryptos, but I am not sure how I feel about these fees. Are they too high, what do you think?

Altcoins Talks - Cryptocurrency Forum


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod