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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

US tech firms to invest $8.2 billion in UK data centres
Exclusive-Ericsson gets new 5G contract from India's Bharti Airtel, sources say
Who is that you are chatting with? Oh, just ChatGPT
FBI warns of cryptocurrency scams like 'pig butchering' and influencer fraud
Poland's Allegro says Roy Perticucci to step down as CEO in 2025
Poland's software firm TTMS plans IPO on Warsaw bourse
Are they not famous, or are you in a bubble?
Family learns funeral home sent mum’s body to wrong country from TikTok video, suit says
India cenbank chief warns against financial stability risks from growing use of AI
AI is having its Nobel moment. Do scientists need the tech industry to sustain it?

Others Also Read