Global #uk

Google is updating its cryptocurrency advertising policy, introducing stricter requirements for advertisers in the UK.

After a brief hiatus earlier this year, Bitget—the global crypto exchange—has returned to the UK market, and this time, they’re playing by the book.

The UK often touts its status as a leader in financial innovation, boasting ambitions in areas like green finance, renminbi trading, sukuk issuance, and most recently, cryptocurrency.

The Telegram Wallet app has temporarily suspended its in-app wallet features for users in the UK as part of a strategic move to align with the Financial Conduct Authority (FCA) regulations.

Xapo Bank, a pioneering digital asset custodian, has expanded its services to the UK, introducing interest-bearing accounts for both Bitcoin and fiat currencies. This move marks the first time such combined accounts have been offered in the UK, highlighting the country's robust regulatory framework that attracted the firm.

Kroo, a London-based challenger bank, has implemented a ban on crypto transactions to safeguard its customers' accounts and funds, effective from May 30, 2024. The updated terms and conditions state that the bank will no longer process bank transfers or card payments associated with crypto asset providers.

The Financial Conduct Authority (FCA) in the UK has taken a significant step towards aligning with other financial hubs regarding digital assets.

Industry stakeholders in the UK are confident that the upcoming national election won't hinder the progress the country has made in regulating the crypto sector.

The United Kingdom is poised to enact significant regulations concerning cryptocurrency staking and stablecoins as part of its ambitious agenda to establish itself as a prominent global cryptocurrency hub.

It is clear that Jonathan Hall KC, a person who examines UK anti-terrorism legislation, is needed to bring the country together. Mr. Hall will recommend the use of artificial intelligence (AI) facial recognition technology at Kent migrant facilities in light of the current uproar and anxiety surrounding European immigrants.

By March 25, ETH worth more than $101 million had been returned to the lending system. Some of the stolen assets are still under the exploiter's possession.