The UK’s Financial Conduct Authority is cracking down on cryptocurrency exchanges, ATMs, and open-source projects like wallet providers. These services will have to comply with anti-money laundering regulations by 2020, imposing banking-style controls over crypto in the nation. The bombshell came as part of the FCA’s newly released policy statement on cryptocurrency, “PS19/22: Guidance on Cryptoassets,” aimed at token issuers, software developers, exchanges, or investment firms dealing in cryptocurrencies. Most notably, the financial watchdog said all “entities” engaging in any of the following activities will be ... (full story)