Revolut to suspend crypto trading for UK business customers as City regulator prepares new rules December 18, 2023 Fintech Revolut is set to pause some of its cryptocurrency services in the UK to adjust to new marketing rules from the City regulator.
Cristiano Ronaldo’s $1bn Binance lawsuit is a warning to sports stars and celebrities December 2, 2023 Kim Kardashian settled out of court in a similar case involving a cryptocurrency.
Bim Afolami: What does the Square Mile make of their new City minister? November 22, 2023 City grandees have urged new minister Bim Afolami to work with them on developing “competitive” regulation and improving entrepreneurship across the Square Mile.
Binance boss steps down after pleading guilty to money laundering November 21, 2023 Binance and its chief executive, Changpeng Zhao, have agreed to plead guilty to criminal and civil charges as part of a settlement with the US Department of Justice (DOJ), according to a report.
Lloyds tells Big Tech to do more to tackle surge in crypto scams November 10, 2023 Lloyds Bank has issued an "urgent warning" over a surge in cryptocurrency scams and called on Big Tech companies like Meta to do more to tackle the issue.
FTX founder Sam Bankman-Fried facing decades in jail as he’s convicted of defrauding crypto customers November 3, 2023 Bankman-Fried, 31, could face decades in prison after prosecutors said he cheated thousands of customers of billions of dollars before the collapse of his companies in November, 2022.
Government set to regulate crypto firms – saying failure of FTX has forced their hand October 30, 2023 The government has confirmed it will bring cryptocurrencies into the remit of regulators today as ministers look to turn the UK into a global hub for crypto firms, saying it needs to avoid high-profile failure like FTX
Will the Economic Crime Act tackle the UK’s £350bn fraud issue? October 26, 2023 The government's legislation designed to tackle economic crime received royal assent today after months of back and forth between the House of Commons and the House of Lords.
Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
City watchdog issued nearly 150 alerts on crypto ads in 24 hours after new regulations October 9, 2023 The City watchdog issued nearly 150 alerts on the first day of its new crypto marketing regime as unauthorised crypto firms felt the heat from the new regulations.