NatWest imposes £1,000 daily limit on Crypto spending to protect people against ‘losing life changing sums’ March 14, 2023 NatWest imposed stricter restrictions on cryptocurrency transfers as it seeks to protect its customers after £329m was lost by UK consumers last year. The bank is implementing a daily limit of £1,000 and a 30-day payment limit of £5,000 to cryptocurrency exchanges. It is implementing the rules to “help protect customers losing life changing sums [...]
FCA clamps down on illegal crypto ATMs in East London March 8, 2023 The Financial Conduct Authority (FCA) has clamped down on unregistered crypto ATMs in East London as it expands its efforts to shut down the illicit sector . The FCA inspected several sites in a joint operation with the Metropolitan Police. Crypto ATMs allow people to buy or convert money into cryptoassets. No crypto ATMs are [...]
How Bitcoin and crypto could revolutionise the housing market February 23, 2023 While crypto currency like Bitcoin is too volatile an asset to be presetly useful for completing property transactions, there are myriad ways the technology could be applied to property purchases. Here are some ways crypto could change how he sees the future of property sales and how the blockchain could be at its heart. DOES [...]
FCA warns crypto execs could face two years in jail for breaching financial promotion rules February 6, 2023 The Financial Conduct Authority (FCA) has warned crypto businesses that breaching new financial promotion regulations could lead to executives facing up to two years in prison. The FCA said that crypto companies which fail to meet its financial promotion rules will breach the Financial Services and Markets Act, “a criminal offence punishable by up to [...]
Crypto: Government is considering ‘world first’ regulatory regime in UK bid to become digital asset hub January 31, 2023 The government has set out plans to “robustly regulate” the crypto asset industry as it seeks to become a cryptocurrrency hub despite the problems faced by the industry last year. The proposals include rules for crypto trading platforms and a “world-first” regime for crypto lending, as the government seeks to “embrace technological change”. Proposals will [...]
Premier League criticised by Football Supporters Association over NFT partnership with Serena Williams and Lionel Messi-backed company January 30, 2023 Football supporters groups have criticised the Premier League for entering the NFT market in a £120m deal with fantasy gaming and digital collectibles platform Sorare. After more than a year of deliberations, English football’s top division today announced a four-year contract with the French company, which is backed by sports stars including Lionel Messi, Kylian [...]
Premier League’s first NFT partnership explained: Inside the £120m deal with Sorare January 30, 2023 The Premier League has taken its first step into the NFT market by agreeing a deal with fantasy gaming and digital collectible platform Sorare. After more than a year of deliberations, English football’s top division has signed a four-year contract worth around £30m annually which includes an option to take equity in the French company. [...]
Crypto ‘Wild West’: 85 per cent of crypto firms fail to meet minimum regulatory standards January 26, 2023 Around 85 per cent of crypto firms failed to meet minimum regulatory requirements when applying for registration with the Financial Conduct Authority (FCA), according to the watchdog. In a letter to the Treasury Committee, Sarah Pritchard, FCA executive director of markets, said “around 85 per cent of those cryptoasset firms that applied for registration were [...]
Crypto news live: Why Aptos is at an all-time high as Bitcoin’s price is up 2.3 per cent January 26, 2023 Aptos is going from strength to strength this week, having more than doubled in value over the last seven days, reaching an all-time high of £15.17. The cryptocurrency, created by the team behind Meta’s abandoned Diem blockchain, has soared 145.8 per cent this week, 44.3 per cent of which it gained in the last 24 [...]
Crypto news today: Why Flow has sunk 11.9 per cent as Bitcoin price dips two per cent January 25, 2023 The native coin of eco-friendly blockchain Flow has taken a tumble in the last 24 hours, falling 11.9 per cent from its recent high on Monday. It follows a rapid jump in the coin’s value because of the announcement of The Flow mainnet spork, a hard fork which promised to improve the blockchain’s potential transactions [...]