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UK Crypto News
Chase Bank will start to block crypto payments in U.K. from October 16th. The retail bank says the ban is related to an increase in crypto frauds. Chase Bank has an active user base of well over 1.0 million in the U.K. Chase Bank – a subsidiary of JPMorgan has decided to ban crypto-related transactions […]
Binance and OKX have introduced localized domains and reduced offerings to comply with FCA’s FinProm rules. The FCA has added other major exchanges like KuCoin and HTX to the list of “non-authorized firms.” Besides crypto exchanges, crypto money payment company MoonPay has also complied with the new regulations. Leading cryptocurrency exchanges Binance and OKX, along […]
The HM Treasury today published a policy update to the country’s crypto regulation. In it, the UK government has outlined the FCA’s regime in stablecoin regulation. The Bank of England (BoE) and the Payment Systems Regulator (PSR) will also have a role. The UK government has published a policy update outlining a phased regulation of […]
NFT marketplace, OpenSea has revealed its plan to create a tool to help creators on its platform enforce creator fee payments. It is probably not a new thing whether enforcing or not royalties which have been argued topics in the industry ever since it was introduced. While some platforms have already concluded their side of […]
Lionel Messi, a football star who has bagged seven Ballon d’Or Awards, has joined hands with Sorare to be its brand ambassador and investor. Sorare is an Ethereum-based fantasy soccer game platform that leverages non-fungible tokens (NFTs). Therefore, Messi will be instrumental in how fans connect with players and clubs. Nicolas Julia, the co-founder and […]
UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative. The government aims to pass legislation to officially establish the Digital Securities Sandbox (DSS). The DSS will provide a controlled testing environment for crypto technologies and services. In a move aimed at bolstering the digital asset sector, UK Chancellor of the Exchequer Jeremy […]
UK authorised funds can now develop and implement tokenisation models. The green light comes after the Technology Working Group of the Government’s Asset Management Taskforce published its report on UK fund tokenisation. The HM Treasury and the Financial Conduct Authority (FCA) collaborated on the initiative. UK investment funds have the approval to develop tokenisation, with […]
Alchemy Pay has integrated Euro Instant solution, SEPA Instant, and Faster Payments SEPA Instant enables European users to buy up to 5,000 euros in cryptocurrency. Faster Payments in the UK accommodates transfers of up to 5,000 British pounds. Cryptocurrency payment platform Alchemy Pay has bolstered its payment infrastructure, introducing new deposit options across Europe and […]
Crypto.com achieves FCA approval. The license empowers crypto.com to introduce UK-localized e-money products. The series of approvals underscores the exchange’s responsible innovation in the rapidly evolving cryptocurrency market. Singapore-based cryptocurrency exchange, Crypto.com, has achieved a significant milestone by securing an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). This move allows […]
Paving the way for digital securities legislation, the UK partners with finance and tech sectors. Pullix, a hybrid exchange, introduces PLX token, “Trade-to-Earn” concept, and a diverse ecosystem. Pullix’s ecosystem includes off-chain order book, lending protocol, and VaultX. In a significant move toward embracing the burgeoning crypto landscape, the UK government has announced plans to […]