The FCA said Thursday that it had pushed back the deadline for the so-called Temporary Registration Regime from July 9, 2021, to March 31, 2022. A significantly high number of businesses are not meeting the required standards under the Money Laundering Regulations resulting in an unprecedented number of businesses withdrawing their applications, the FCA said in a statement. The extended date allows cryptoasset firms to continue to carry on business whilst the FCA continues with the robust assessment being undertaken.
Just five crypto companies are currently registered with the FCA. Those include Tyler and Cameron Winklevoss Gemini and British start-up Ziglu. There are dozens of applicants sitting on the Temporary Registration Regime list.
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A man walks past the Bank of England in the City of London, Britain June 28, 2016. REUTERS/Paul Hackett/File Photo
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Bank of England Governor Andrew Bailey said on Thursday that the central bank would cut the carbon emissions from printing banknotes and running its buildings to net zero by 2050 at the very latest.
British finance minister Rishi Sunak changed the BoE s mandate in March to require it to support the government s goal of reducing greenhouse gas emissions to net zero. I can confirm today that the Bank is committing to reduce emissions from our physical operations so they will be consistent with net-zero by 2050 at the latest, Bailey said in a speech hosted by the Bank for International Settlements.
Wizz Air today said it expected to see further losses in the next year unless Covid restrictions are permanently lifted, after posting an annual net loss of €576m.