FCA makes first criminal charge for running illegal crypto ATM network

In a landmark move, the UK’s Financial Conduct Authority (FCA) has charged a man with unlawfully operating a network of cryptocurrency ATMs without proper registration. This marks the regulator’s first criminal prosecution for activities involving physical crypto machines, signalling a tougher stance against unregulated digital asset transactions. дальше »

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UK Parliament could summon Elon Musk over X operations

Labour MP Dawn Butler wants Musk to discuss the operations of his social media network X and its role in spreading misinformation. дальше »

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UK crypto registration faces high failure rate: 87% of applications don’t qualify

The Financial Conduct Authority (FCA) reported 87% of crypto companies applying for registration under the UK’s money laundering rules failed to receive approval in the last fiscal year. Only four out of 35 applications were approved in the 12 months ending March 31, 2023. дальше »

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Nearly 90% Of Crypto Firms Fail UK’s AML Standards—What’s Going Wrong?

The turbulent UK cryptocurrency landscape sees the Financial Conduct Authority report that 87% of crypto registration applications failed in the last fiscal year. Related Reading: Satoshi Nakamoto Tells NBA Legend In His Dream: Bitcoin To Slam Dunk To $84K! This is a staggering fact that brings up very serious questions concerning the effectiveness of anti-money […] дальше »

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UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval

The FCA approved only four of the 35 applications it received in the year ended March 31. дальше »

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Relai’s Bitcoin Mission: Bringing Europeans the Orange Coin Despite the Red Tape

Relai co-founder and CEO Julian Liniger wants to onboard as many EU and UK citizens as possible to Bitcoin, even if that means having to jump through regulatory hoops. дальше »

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Crypto platform resumes UK registrations after 10-month FCA compliance pause

The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA's guidelines oriented towards investor protection. дальше »

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Nexo resumes onboarding of UK clients with full FCA compliance

Nexo's FCA compliance and UK client onboarding resumption highlight the increasing regulatory scrutiny and adaptation in the crypto industry. The post Nexo resumes onboarding of UK clients with full FCA compliance appeared first on Crypto Briefing. дальше »

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UK’s ambitions for crypto hub status falter amid regulatory roadblocks

Crypto firms are increasingly turning away from the UK, citing burdensome and time-consuming regulatory processes as a key factor, the Financial Times reported, citing law firm Reed Smith. Registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past three years, […] The post UK’s ambitions for crypto hub status falter amid regulatory roadblocks appeared first on CryptoSlate. дальше »

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Launch Network with Restaked Security in Minutes: Tanssi and Symbiotic Set New Standardd

Cayman Islands, UK, 22nd August 2024, Chainwire

The post Launch Network with Restaked Security in Minutes: Tanssi and Symbiotic Set New Standardd appeared first on CoinJournal.

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Bitunix Announces Major Security Upgrade: $5M Insurance Backed by UK Security Partner

Singapore, Singapore, 22nd August 2024, Chainwire

The post Bitunix Announces Major Security Upgrade: $5M Insurance Backed by UK Security Partner appeared first on CoinJournal.

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MetaMask partners with Mastercard for a self-custody debit card pilot program

MetaMask and Mastercard launches a self-custody debit card pilot program in the UK and EU. The card converts crypto to fiat at the point of transaction using a smart contract. The card aims at increasing financial inclusion and will expand to other regions over time. дальше »

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The Coming Financialization of Hashrate Markets

Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada. дальше »

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MetaMask announces crypto debit card, partnership with Mastercard and Baanx  

MetaMask is piloting a new payment debit card that allows users to spend crypto directly from their MetaMask wallets.  The card, currently in a limited pilot phase in the EU and UK, is available to a select group of users.… дальше »

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Retired Nurse’s XRP Invetment Turns Her to Millionair, BlockDAG Early Investors Eye the Same Potential 

There are many success stories in the crypto world. One remarkable story is about a retired nurse from the UK who transformed her retirement savings into a small fortune. In early 2017, she invested in Ripple (XRP), a decision that turned out to be a masterstroke. дальше »

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Online casinos will add $7.10B a year to the British economy by 2029, according to market data

UK online casino sector to grow from $6. 47B to $7. 10B annually by 2029 UK leads globally in online casino revenue, surpassing the US in 2024 Cryptocurrency adoption boosts UK online casino growth and user engagement. дальше »

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Online casinos will generate more revenue in the UK this year than in the US, new data reveals

UK online casinos forecast to generate $6. 468 billion in revenue in 2024, surpassing USA’s $6. 29 billion UK has higher user penetration (17. 4%) and ARPU than the US (9. 4%), which offsets smaller population The rise of non-GamStop casinos offers flexibility but poses regulatory and safety risks. дальше »

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Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims

Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said. дальше »

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UK hacker linked to compromised celebrity X accounts used to promote $530m meme coin scam: report 

On-chain sleuth ZachXBT has identified connections between the hack of two Hollywood celebrities’ X accounts — which were used to create meme coin scams — and the convicted UK hacker Gurvinder Bhangu, aka Gurv. In an X thread today, July… дальше »

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Fintech giant Revolut authorized to become a UK Bank

Revolut's UK banking license could enhance its market position, attract more users, and potentially influence global regulatory trends. The post Fintech giant Revolut authorized to become a UK Bank appeared first on Crypto Briefing. дальше »

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Bitstamp to distribute Mt. Gox BTC from July 25

Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash as from Thursday, July 25. The exchange will have a separate distribution plan for customers in the UK. Bitstamp announced on Wednesday that the crypto exchange had received Bitcoin (BTC) from Mt. дальше »

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UK advised to ‘rebuild Britain’ with $5b Bitcoin trove

Bitcoin has entered a new paradigm in which investors must consider the future of State-controlled BTC stockpiles and sovereign approaches to the holding or selling the asset.  дальше »

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Cash App to shut down in the UK, citing focus on US market

Block's decision to shut down Cash App in the UK underscores the complexities fintech firms face in balancing global ambitions with market-specific strategies. The post Cash App to shut down in the UK, citing focus on US market appeared first on Crypto Briefing. дальше »

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Kraken expanding institutional crypto services to the UK and Australia

Kraken Institutional, part of the crypto exchange Kraken, has announced the expansion of its custody services to the United Kingdom and Australia. Kraken Institutional works with high-profile clients like hedge funds and exchange-traded fund issuers, providing custody solutions for managing… дальше »

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Craig Wright Referred To UK Prosecutors For Alleged Perjury In Bitcoin Authorship Case

The Bitcoin authorship saga continues after a UK judge directed Craig Wright’s case to British prosecutors for alleged perjury and forgery of documents. The direction follows the latest ruling in the legal battle between the Australian computer scientist and the Crypto Open Patent Alliance (COPA). дальше »

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Satoshi Mystery: Court Publishes Injunctions in Craig Wright Lawsuit

UK high court released approved judgment in COPA дальше »

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Who is Craig Wright? Self-proclaimed Bitcoin inventor referred to UK prosecutors for alleged perjury

On Tuesday, a judge at London’s High Court referred Craig Wright, an Australian computer scientist, who had claimed to have invented Bitcoin, to British prosecutors for alleged perjury. The judge concluded that he had “extensively and repeatedly” lied to substantiate his false claim. дальше »

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Visa and Wirex Team Up to Enhance Crypto Transactions

Wirex and Visa partner to enhance digital currency use in the UK and EEA, launching Wirex Pay to streamline crypto and traditional transactions. The post Visa and Wirex Team Up to Enhance Crypto Transactions appeared first on NFT News Today. дальше »

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UK Law Commission suggests regulating DAOs under existing frameworks

A recent report from the United Kingdom’s Law Commission has concluded decentralized autonomous organizations (DAOs) need to be regulated under existing financial regulations and tax frameworks. Published on July 11, the research paper stated there’s no immediate requirement to create… дальше »

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UK regulator alerts public to fraudulent lawyer email scam demanding Bitcoin

A cautionary alert has been issued by the UK’s Solicitors Regulation Authority (SRA) regarding a new email scam where fraudsters posing as lawyers demand Bitcoin payments. In a recent notice, the SRA disclosed an ongoing scam involving a suspicious email… дальше »

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Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto

U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto. дальше »

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Solciety (SLCTY) gains traction amid big week for political meme coins

Political buzz is at a new crescendo in 2024, particularly after a week that saw dramatic elections in the UK and France. These came on the back of continuing pressure on US president Joe Biden to drop his bid for reelection following a performance to forget in the June 27 debate. While the politics heat […] дальше »

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UK High Court issues asset freeze order against Craig Wright

The UK High Court has granted Peter McCormack’s application for a World Freezing Order against Craig Wright’s assets. McCormack seeks to recover over £1. 5 million ($1. 9 million) in legal fees relating to Wright’s libel case against the podcaster. дальше »

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Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans

While the industry was not mentioned in the party's manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency. дальше »

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UK voters call for candidates to consider crypto as election looms

It’s unclear what a Labour Party government could mean for digital assets in the U.K., but according to one poll, many voters want politicians to consider the industry. дальше »

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Copper & Sui partner to build out full institutional accessibility

London, UK, June 26th, 2024, Chainwire The integration with Sui includes custody support for L1 and L2, built-in staking support, and DeFi connectivity. Copper, a leader in digital asset custody, collateral management, and prime services, is excited to announce its latest integration with Sui, a high-performance Layer 1 blockchain and smart contract platform. дальше »

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GDMining Expands User Accessibility with New Cloud Mining Contracts and Fast Payouts

GDMining, a leading cloud mining platform founded in 2021, is committed to providing efficient and profitable cloud mining services. Located in St Asaph, UK, GDMining has built a reputation for reliability and user-friendliness, attracting a global user base. дальше »

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Bitcoin Lightning App Strike Expands to UK with Global Transfers

Bitcoin lightning payments app Strike expanded into the UK, enabling residents to easily buy, sell, and transfer Bitcoin globally. дальше »

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Bitcoin Payments App Strike Enters UK as Global Expansion Rolls Out

The payments firm now operates in over 100 countries and territories globally. дальше »

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Julian Assange to be freed after pleading guilty, ending 14-year legal struggle

Julian Assange, co-founder of WikiLeaks, has left the UK following a plea agreement with the US DOJ, potentially ending his legal woes. The post Julian Assange to be freed after pleading guilty, ending 14-year legal struggle appeared first on Crypto Briefing. дальше »

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UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business

The two suspects were interviewed under caution by the FCA and then released on bail. дальше »

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As UK elections loom, is crypto a priority for Labour?

The Conservatives, who have introduced a slew of pro-crypto policies in recent years, are expected to lose hundreds of seats when UK elections takes place on July 4. Crypto has taken a prominent role in the U.S. presidential campaign —… дальше »

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Altcoin Trading Addiction Is A Problem: UK’s National Health Service

The UK’s NHS reports a surge in altcoin trading addiction among young men, likening it to gambling and highlighting the need for regulation and medical intervention. The post Altcoin Trading Addiction Is A Problem: UK’s National Health Service appeared first on BeInCrypto. дальше »

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Crypto trading addiction has become a public health concern in the UK — NHS

Amanda Pritchard, chief executive of the UK's National Health Service, urges lawmakers to address the growing problem of young people becoming addicted to crypto trading, as specialist gambling clinics witness an increase in such cases. дальше »

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MoonPay integrates PayPal for crypto purchases in the UK and EU

MoonPay integrates PayPal for EU and UK crypto purchases using fiat. PayPal, the third most popular payment method in the US, brings convenience to MoonPay. MoonPay’s move aims to lower entry barriers and foster trust among its growing user base. дальше »

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MoonPay announces PayPal fiat on-ramp for UK and EU

MoonPay noted that PayPal is the third-most commonly used payment option in the United States, behind Apple Pay and traditional bank cards. дальше »

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PayPal is now available to MoonPay users in EU and UK

MoonPay now offers PayPal as a payment method for UK and EU users, simplifying crypto purchases and attracting a broader customer base. The post PayPal is now available to MoonPay users in EU and UK appeared first on Crypto Briefing. дальше »

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Crypto leaders redirect focus to the UK Labour Party ahead of elections

As the United Kingdom prepares for the snap election on July 4, the cryptocurrency industry is strategically shifting its attention toward the Labour Party, led by Keir Starmer.  This redirection, as reported by Bloomberg, comes amid widespread uncertainty regarding the… дальше »

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Crypto execs court UK Labour Party as election looms

As the UK heads into a snap election, the crypto industry is focusing its lobbying efforts on the Labour Party, which holds a significant lead in polls and could shape the future of digital asset regulation in the country. дальше »

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NY Court Charges Three Individuals Linked To $3 Million NFT Scam

The United States Attorney for the Southern District of New York announced the indictment of three UK nationals for the $3 million ‘Evolved Apes’ NFT (non-fungible tokens) scam. The suspects face charges of wire fraud and money laundering. дальше »

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