We are thrilled to announce that PayPal, the global payment giant, has received approval from the Financial Conduct Authority (FCA) to provide crypto services in the United Kingdom. This significant development positions PayPal as a key player in the rapidly…
Coinbase CEO Slams JPMorgan for Banning Crypto Payments in UK, Suggests Government Should Act
Coinbase CEO Brian Armstrong has voiced his discontent with the recent decision by JPMorgan Chase to block cryptocurrency-related transactions through its U.K. digital banking subsidiary, Chase UK. Chase UK’s Crypto Transaction Block: A Point of Contention In an official notice…
The Challenges Faced by Crypto as Banks Withdraw Support
Crypto firms struggle to find banking services in the UK amid increasing regulations and risk aversion Declining Support from Banks The collapse of several crypto-friendly American banks has diminished the industry’s access to the traditional financial system, sparking concerns that…
UK Takes Steps to Strengthen Crypto Market with New Regulations
Overview The United Kingdom’s Government has recently announced ambitious plans to regulate the crypto-asset industry. This is in response to the growing concern about the risks associated with crypto assets and the need for greater consumer confidence and clarity in…
UK Legislators Enact Laws to Restrict Crypto Ads
On Thursday, a committee of the House of Commons enacted new legislation without resistance or additional discussion that prohibits crypto advertisements and makes it illegal for unregistered operators to offer services. Restrictions Now Formally Enacted The restrictions, which are now…
Former British MP Wants Bitcoin Banned For Energy Concerns
Nick Boles, a former UK Member of Parliament for Grantham and Stamford from 2010 to 2019, took to Twitter Tuesday to criticize Bitcoin over its negative environmental impact. He retweeted a post from BBC correspondent Rory Cellan-Jones showing that Bitcoin…
Bank of England considering a CBDC
News of a possible English CBDC are coming out of London after Bank of England governor Andrew Bailey revealed that they considering a digital currency. The head of the top bank made this public in a webinar while addressing some…
BitStamp to Soon Offer Funding in GBP
Cryptocurrency exchange Bitstamp, which happens to be the longest standing exchange, will soon be offering funding in British pounds. This is music in the ears of crypto users and traders who are based in the UK, who have had to…
UK Crypto Regulations Could take Two Years to Arrive According to Legal Expert
Crypto-currency regulation talks have taken center stage in the developed world over the past couple of months with countries seeking to gain clarity from their financial regulators on where they stand when it comes to classifying cryptocurrency. In the case…