FCA clamps down on illegal crypto ATMs in East London CRYPTO 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 [...]
Crypto: Nationwide bans credit card exchange payments and HSBC limits digital currency spending as consumer risk fears grow Crypto Several UK banks have restricted their customers from buying crypto assets as concern grows about the risks posed by digital currency to customers. In an email to customers earlier this week, Nationwide said it would not allow payments to crypto exchanges using its credit cards and would impose a £5,000 daily limit on current account [...]
How Bitcoin and crypto could revolutionise the housing market property tech 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 [...]
UK crypto hub ambitions at risk if it does not pass new rules quickly, experts warn February 1, 2023 The government’s new plans to “robustly regulate” cryptoassets garnered mixed reactions from the crypto industry today, with experts saying that while the proposals were welcome there were still huge questions about the timeline for when they might come into effect. Nick Taylor from Luno, a crypto exchange, described the launch of the consultation as “a [...]
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 [...]
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 [...]
Crypto market news live: Why Aptos is soaring 61.1 per cent this week as Bitcoin price is up 9.3 per cent January 24, 2023 Aptos is riding high this week, with record 61.1 per cent growth that has filled investors with confidence in the ‘Solana-killer’. The newly released token and blockchain, developed by the same team behind Meta’s abandoned cryptocurrency project Diem, was built to enable ease-of-use, widespread adoption and scalability with its proprietary programming language called Move. Consequently, [...]