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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreXapo 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.
Read MoreKroo, 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.
Read MoreThe Financial Conduct Authority (FCA) in the UK has taken a significant step towards aligning with other financial hubs regarding digital assets.
Read MoreIndustry 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.
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