Global crypto rules needed to keep markets clean, says UK watchdog


FILE PHOTO: A representation of cryptocurrency is seen in front of Binance logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/

LONDON (Reuters) - Global rules are needed to regulate international crypto firms like Binance and "keep markets clean", Britain's Financial Conduct Authority said on Thursday.

Crypto firms are largely unregulated across much of the world but are required in many countries to show they have adequate controls to combat money laundering.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Apple to allow third-party app stores in Brazil to settle iOS case with regulator
US judge blocks Texas app store age law meant to protect children
Trump's AI hiring campaign draws interest from 25,000 hopefuls
Samsung Electronics unit Harman to acquire ZF Group's ADAS business for $1.8 billion
Paramount's new offer for Warner Bros is not sufficient, major investor says
AI data centers are forcing dirty ‘peaker’ power plants back into service
After power outage, San Francisco wonders: Can robot taxis handle a big earthquake?
Amazon's Zoox to recall 332 US vehicles over software error
Uber and Lyft plan to bring robotaxis to London in partnerships with China's Baidu
Vodafone CEO among UK bosses who see AI, cyberattacks as top 2026 risks

Others Also Read