The crypto asset management firm based in London has recently been given a license from the Financial Conduct Authority (FCA) that will enable it to operate as a full-scope Alternative Investment Fund Manager (AIFM).
This gives the company the right to operate as a full-scope AIFM under the European Union’s AIFM Directive which is a regulation applied to private equity funds, hedge funds, and real estate fund.
Prime Factor COO Adam Grimsley said that full scope AIFMs are subject to heightened transparency, disclosure, and reporting requirements in addition to other requirements.
Nic Niedermowwe, the CEO at Prime Factor states that being FCA-regulated bring the company under the purview of one of the most recognized financial markets regulator in the world which is important in the nascent industry which has been viewed in the past as having poor operating standards.
Headlines for the world of Cryptocurrencies - July 02, 2019
- One Block Transaction Has $6 Billion Worth Of Bitcoin Transactions
- Binance Executive Believes Bitcoin Has A lot more potential
- Scam BTC Ads With Abu Dhabi Crown Prince Removed
- Brave Rewards For Reddit And Vimeo
- Goldman Sachs Really Interested With Crypto
Headlines for the world of Cryptocurrencies - July 01, 2019
- Binance Executive Believes Bitcoin Has A lot more potential
- Scam BTC Ads With Abu Dhabi Crown Prince Removed
- Brave Rewards For Reddit And Vimeo
- One Block Transaction Has $6 Billion Worth Of Bitcoin Transactions
- Goldman Sachs Really Interested With Crypto
Headlines for the world of Cryptocurrencies - June 28, 2019
- Huobi Will Now Operating In Turkey
- TRON 20 Million BuyBack Program
- Square Cash App Now Directly Accepts Bitcoin Deposits
- First Ever Acquisition of CoinMarketCap
- Crypto Startup Involved In Israeli-Palestinian Peace Plans
