The digital asset ecosystem in Europe expands as institutions broaden their services to decentralized finance (DeFi) amid market turmoil. A new market report released by on-chain analytics from Chainalysis shows industry growth in Central, Northern, and Western Europe (CNWE) as well as the United Kingdom’s (UK) dominance in its jurisdiction and the effects of the…
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The Ministry of Justice’s proposed ‘Help with Fees’ scheme will not classify cryptocurrencies as disposable income following a public consultation. British citizens that hope to access legal assistance through the proposed ‘Help with Fees’ (HwF) scheme will not have cryptocurrency holdings classified as disposable income. The Ministry of Justice published its response following public consultation…
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In a recent move, the Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as “non-authorized firms” that citizens “should avoid.” The warning list is accompanied by a statement advising to refrain from dealing with these firms. It includes 143 new entities,…
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Digital asset-as-a-service platform Zumo has become the first cryptocurrency platform to integrate the financial promotions technical flow design laid out by the Financial Conduct Authority (FCA). In June, the FCA published rules on financial promotions for cryptoassets, which will have effect from Oct. 8, aiming to reduce and prevent harm to consumers from investing in…
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The UK’s Financial Conduct Authority (FCA) has initiated talks between banks and crypto firms experiencing difficulties in accessing banking services, according to a recent report addressing the issue of debanking in the country…. Read More: FCA Report Highlights Talks Between Banks and Crypto Firms Amid Rising Debanking Worries Read more »Sign up for e-EUR –…
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The United Kingdom’s House of Lords has pushed The Economic Crime and Corporate Transparency bill to its final stages of approval. The bill was introduced in September 2022 in a bid to expand the powers of financial authorities in the country to confiscate monetary proceeds from financial crimes including crypto-based heists…. Read More: UK Passes…
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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: BNB Chain Developers Reveal Public Launch of opBNB’s Mainnet, Nansen Launches New AI-Powered Version, Ripple Will do 80% of Hiring This Year Outside the US Read more »Sign…
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Luno, a crypto exchange owned by Barry Silbert’s Digital Currency Group (DCG), plans to stop certain UK clients from trading crypto due to regulatory changes that are coming into effect. The new regulations, introduced by the UK’s Financial Conduct Authority (FCA) and expected to come into effect on October 8, means that exchanges with UK…
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The Online Safety Bill, a piece of legislation that seeks assurances to keep some sites free of illegal and harmful content for U.K. jurisdiction, is facing opposition from tech and messaging giants due to its possible effects on privacy and encryption. The bill introduces clauses allowing the government to force messaging companies to scan user…
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America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and new regulation through courts. Coinbase Eyes ‘Crypto-Forward Markets’ Like EU, Singapore,…
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