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.