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Travel Rule Enforcement Begins for Crypto Firms in the UK – Here's What You Need to Know
4.9.2023
Virtual Asset Service Providers (VASPs) in the UK are from September 1 required to collect, verify and share information on crypto transactions to firms “in the UK, or any jurisdiction that has implemented the Travel Rule.”...
Read More: Travel Rule Enforcement Begins for Crypto Firms in the UK...
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September
19.8.2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable...
UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
17.8.2023
Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations
Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024
16.8.2023
In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free...
PayPal to Stop Crypto Purchases in UK Until 2024
16.8.2023
Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator
PayPal Halts Crypto Sales in U.K. Until 2024 to Comply With New FCA Rules
16.8.2023
Online payment giant PayPal said it will temporarily pause crypto buying services in the UK to comply with the recent new rules for marketing cryptoassets enacted by the UK Financial Conduct Authority (FCA).
In a message to its customers on Tuesday, PayPal said that the crypto sales would pause...
Registration Statistics: British Regulator Approves Just 13% Of Crypto Firm Applications - What’s Going On?
14.8.2023
UK’s financial regulator says it has approved only 13% of the total applications by cryptocurrency companies for registration with the body.
The Financial Conduct Authority (FCA) has disclosed that from January 2020, only 38 applications have scaled through out of 291 since it started the...
Today in Crypto: Apple Pay One-Click Gets Enabled on MetaMask via Banxa, Coinbase Expands Into Canada, Protocols Lead Says Base Network is 'Permissionless'
14.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Apple Pay One-Click Gets Enabled on MetaMask via Banxa, Coinbase Expands Into Canada, Protocols Lead Says...
UK Crypto Lobby Group Voices Concerns About FCA's Incentives Ban Impact – What's Going On?
11.8.2023
A UK crypto industry group has raised concerns about the potential negative consequences of a proposed ban on incentives by the Financial Conduct Authority (FCA).
Crypto lobby group CryptoUK has submitted a response to the FCA's recent regulatory regime for crypto advertisements and promotions...
UK Crypto Incentives Ban Could Drive Firms Out of Country, Lobbyists Say
10.8.2023
Lobby group CryptoUK called for more clarity on the FCA’s guidance on its upcoming rules for crypto ads
Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo
8.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150...
Ripple Requests Crypto License in UK After SEC Partial Win
23.7.2023
Blockchain-based digital payment network Ripple has applied for a crypto license in the UK and Ireland after its partial win against the US Securities and Exchange Commission.
Sendi Young, Ripple's managing director for the UK & Europe, has revealed that the company “very recently” applied...
FCA Launches Permanent Digital Sandbox to Foster Fintech Innovation
21.7.2023
The UK's Financial Conduct Authority (FCA) has announced the launch of a permanent version of its Digital Sandbox.
Building on the success of its trial phase, the sandbox will provide firms with a secure environment to test their products at an early stage of development, the regulator said...
UK's FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities
20.7.2023
The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report
Today in Crypto: UK Gov 'Firmly Disagrees' with Treasury on Regulating Crypto as Gambling, UK FCA to Open Digital Sandbox on August 1, Push Protocol Launches Decentralized Audio & Video Streaming App
20.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: UK Gov 'Firmly Disagrees' with Treasury on Regulating Crypto as Gambling, UK FCA to Open Digital Sandbox...
UK Financial Regulator to Introduce Isolated Environment for Testing Financial Applications
20.7.2023
During a pilot phase, the environment was used to test the eco-friendliness of decentralized ledgers
UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions
19.7.2023
The FCA has turned down some of the largest crypto firms in the world in the last 18 months, its CEO Nikhil Rathi told lawmakers at a hearing
FCA Issues Warning: Crypto Memes Could Violate Financial Promotion Rules
19.7.2023
Crypto memes may amount to criminal offenses if they don’t comply with existing financial promotion rules, warned the United Kingdom’s top financial regulator on Monday. ...
Read More: FCA Issues Warning: Crypto Memes Could Violate Financial Promotion Rules
Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator
18.7.2023
The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act in June
Crypto memes can be considered financial promotions, says UK watchdog
18.7.2023
Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA