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U.K monetary watchdog, the Financial Conduct Authority (FCA), said Binance “is not capable of being effectively supervised.” Adding that, within the context of offering complex and high-risk financial products, this poses a significant risk to consumers.
The English Premier League started with much aplomb during this weekend and it would be one to remember for long not only for sport lovers but also crypto enthusiasts at large.
Ruffer Investment Company Limited invested roughly $600 million in Bitcoin (BTC) in November 2020 but sold its exposure in April, while the crypto was still pumping and its price fluctuated between $50,000 and $65,000, profiting more than $1 billion in about five months. According to Ruffer’s year-end review for the 12 months ending June 30, […]
$250 million worth of cryptocurrency has been confiscated by UK police in the biggest such move of its kind, the London Metropolitan Police announced early on Tuesday.
Santander, one of Europe’s largest banking groups, has tweeted it will stop customer payments to Binance.
Britain’s marketing regulator Advertising Standards Authority (ASA) has announced that it plans to increase its efforts in curbing irresponsible or misleading cryptocurrency ads, Financial Times reported today.
Barclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange.
An anonymous Bitcoin (BTC) developer, who goes by the pseudonym Cøbra has blocked access to the Bitcoin white paper and suspended downloading of the Bitcoin Core software for UK users on Bitcoin.org, “an informational site dedicated to help educate and facilitate the understanding of Bitcoin.” The restriction was ordered by London’s High Court, which ruled […]
Copper, a crypto custodian firm, has revealed that it will now be offering support to ALGO, the token of Algorand blockchain, and its other product, better known as Algorand Standard Assets (ASAs).
Global venture fund network Techstars announced a new crypto- and blockchain-focused accelerator program yesterday, as per a release.
Bitcoin.org, “an informational site dedicated to help educate and facilitate the understanding of Bitcoin,” has lost the right to grant access to Bitcoin’s whitepaper document in the United Kingdom, according to the latest order by London’s High Court.
The U.K crypto community is left confused after the country’s financial watchdog, the Financial Conduct Authority (FCA), published a report titled “Consumer warning on Binance Markets Limited and the Binance Group” over the weekend.
Britain’s Financial Conduct Authority (FCA) said yesterday that numerous crypto businesses are withdrawing their application to legally register, while failing to meet anti-money laundering and counter-terrorism financing rules.
SC Ventures, the innovations and ventures unit of global bank Standard Chartered, announced Wednesday it would launch a crypto brokerage and exchange platform for institutions clients in UK and Europe, as per a release.
Derville Rowland, Ireland Central Bank’s Director-General for Financial Conduct, said in an interview with Bloomberg today that cryptocurrencies such as Bitcoin are “of great concern.” The bank’s official also addressed crypto investors saying “crypto-assets are quite a speculative, unregulated investment,” warning them to be “really aware they could lose the whole of that investment.” One […]
In a bizarre case, UK police busted an illegal Bitcoin mining operation while trying to weed out cannabis operations, local daily Birmingham Live reported today.
The UK’s Advertising Standards Authority (ASA) has banned a series of popular Bitcoin ads in the country citing irresponsibility, a report on national news outlet The Guardian said today.
London-based HSBC Holdings, one of the world’s biggest and Europe’s second largest bank, has no plans to offer Bitcoin or crypto products to its clients, a report on news outlet Reuters said today.