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“# 13 more crypto firms withdraw licensing applications in the UK ” The United Kingdom Financial Conduct Authority’s (FCA) crypto licensing regime is reportedly proving arduous for cryptocurrency businesses looking to operate in the country. According to a Reuters report on Tuesday, the number of withdrawn licensing applications from crypto businesses increased by over 25%…
“# Expect even more oversight of crypto from regulators, says eToro ” Crypto-friendly trading platform eToro is expecting regulators to ratchet up their oversight of the crypto industry, given the increasingly high levels of participation by retail traders and smaller investors. In comments for the Financial Times, the Israel-based company’s CEO, Yonni Assia, said: “We…
“# Binance tackles travel rule compliance after multiple bans ” Binance, the world’s top crypto exchange by daily traded volume, has faced a quick succession of bans on its operations in three different jurisdictions: Ontario in Canada, Japan and the United Kingdom. While affected users adjust to these quickfire developments, the platform appears to be…
“# ICAP to launch Bitcoin exchange with Fidelity, Standard Chartered ” Major global interdealer broker TP ICAP is launching a cryptocurrency trading platform with Fidelity Investments and British banking giant Standard Chartered. TP ICAP’s upcoming crypto exchange is scheduled for launch in the second half of 2021 and will initially offer trading exclusively for Bitcoin…
“# Binance suspends popular fiat ramp for U.K. customers amid regulatory crackdown ” Binance’s U.K. customers are currently unable t use the popular local payments provider, Faster Payments, to withdraw British pounds (GBP) from the exchange. On Monday, June 28, a notice on the Binance website declared that GBP withdrawals via Faster Payments had been…
“#UK bans cryptocurrency exchange Binance” The United Kingdom’s financial regulator has banned the popular cryptocurrency exchange Binance from operating in the country — as governments around the world consider how to regulate the burgeoning sector. The UK’s Financial Conduct Authority announced Saturday that Binance Markets Limited, the company’s UK affiliate, “is not permitted to undertake any regulated…
“# UK financial watchdog orders Binance to halt ‘regulated activity’ in the country ” Binance, one of the world’s largest cryptocurrency exchanges, has been ordered to cease all regulated activities in the United Kingdom following a review of its operations by the nation’s Financial Conduct Authority, or FCA. “Binance Markets Limited is not permitted to…
“#UK Health Secretary Matt Hancock resigns amid extra-marital affair” Matt Hancock, Britain’s Health Secretary who was caught smooching an aide and breaking his own social-distancing rules this week, resigned his post Saturday despite the continued support of Prime Minister Boris Johnson. “Those of us who make these rules have got to stick by them,” a…
“# ‘Bitcoin will go all the way to $160,000 this year,’ says Celsius CEO ” Although the price of Bitcoin (BTC) continues to hover around $30,000, industry experts are noting that there is a bullish long-term view. To put this into perspective, Alex Mashinsky, chief executive officer and co-founder of Celsius – the centralized cryptocurrency…
“#Amazon and Google face UK investigation over fake reviews” A UK regulator is probing whether Amazon and Google are doing enough to crack down on fake reviews — and said it will take the tech giants to court if it finds they’ve been violating consumer protection laws. The Competition and Markets Authority said Friday it…