15:00 Today in Crypto: Hong Kong Will Use ‘All Available Methods’ to Fight Crypto Scams, Americans are ‘Much More Open to Potential of Crypto Than Brits’
UK Finance Minister proposes a sandbox initiative for crypto regulations UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative. The government aims to pass legislation to officially establish the Digital Securities Sandbox (DSS). The DSS will provide a controlled testing environment for crypto technologies and services. In a move aimed at bolstering the digital asset sector, UK Chancellor of the Exchequer Jeremy […]
Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims Source: Adobe / Matteo Benegiamo Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma, who illicitly transferred IOTA tokens using a fraudulent website designed […]
UK Government Rolls Out Final Proposals for Stablecoin Regulation Source: AdobeStock / Iakov Kalinin The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users. In an Oct 30 release, His Majesty’s Treasury published a set of guidelines for regulating ‘fiat-backed stablecoins’ amid calls for global […]
Chase Bank announces an outright ban on crypto payments in the U.K. Chase Bank will start to block crypto payments in U.K. from October 16th. The retail bank says the ban is related to an increase in crypto frauds. Chase Bank has an active user base of well over 1.0 million in the U.K. Chase Bank – a subsidiary of JPMorgan has decided to ban crypto-related transactions […]
Bybit to suspend UK services due to regulatory changes Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8. The exchange’s announcement comes ahead of the effective date for new FCA rules for crypto firms. Bybit has notified its customers that it will suspend its services in the UK next month as […]
UK Plans To Ban Crypto Cold Calls, Seeks Public Opinion For Evaluation On Businesses Pixabay The UK government is evaluating the impact of a potential financial services cold call ban on businesses and private enterprises. As part of its plans to minimize the risk to consumers in the economy, the UK Treasury has issued a consultation paper to poll citizens on the perceived impact of the policy amid wider […]
Today in Crypto: Sinapore’s Banking Giant DBS Unveils Its Metaverse Concept, UK Explores ‘Best Way’ to Ban Cold Calling for All Financial Products Including Crypto, SBF’s Layers Can ‘Make Unlimited Advantage of Visitation Hours’ DBS BetterWorld. Source: a video screenshot, DBS / YouTube Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Metaverse news Singapore’s biggest bank, DBS, unveiled its metaverse concept for DBS BetterWorld, “a gamified adventure to demonstrate how the metaverse can be leveraged […]
Exclusive: ‘Pioneering’ Virtual Rally in Support of Julian Assange to Launch in Metaverse – Not to Replace But ‘Heavily’ Promote Real-Life Protests, Organizers and Wistaverse Co-founder Said in Interview Free Assange Virtual Rally. Source: Wistaverse, Don’t Extradite Assange Campaign The campaign to stop the extradition of Julian Assange will launch the first-ever virtual political rally this Saturday in the Wistaverse metaverse. The organizers and the Wistaverse co-founder spoke to Cryptonews about the importance of holding a protest in this novel space, the difference between […]
Checkout.com terminates Binance support over AML concerns: report Credit card processor Checkout.com cuts ties with Binance over AML concerns. Binance is reportedly considering legal action, Forbes said in a report published August 18. Binance recently announced it was shutting down its regulated buy-and-sell crypto arm Binance Connect. Checkout.com, the UK-based payments processor that has been one of the biggest payments partners for Binance, […]
PayPal to halt crypto sales in U.K. from October 1st PayPal to pause crypto sales as it works to comply with new FCA rules. Crypto sales on its platform will likely be resumed in early 2024. PayPal is slated to launch its own stablecoin in the coming weeks. PayPal says its users in the United Kingdom will temporarily lose the ability to buy cryptocurrencies via […]
Registration Statistics: British Regulator Approves Just 13% Of Crypto Firm Applications – What’s Going On? Source: AdobeStock / Iakov Kalinin UK’s financial regulator says it has approved only 13% of the total applications by cryptocurrency companies for registration with the body. The Financial Conduct Authority (FCA) has disclosed that from January 2020, only 38 applications have scaled through out of 291 since it started the new registration process. The recent […]
Today in Crypto: Apple Pay One-Click Gets Enabled on MetaMask via Banxa, Coinbase Expands Into Canada, Protocols Lead Says Base Network is ‘Permissionless’ Soure: AdobeStock / prima91 Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Payments news Financial technology platform Banxa announced that Apple Pay one-click is available for the MetaMask wallet iPhone users worldwide. In order to purchase crypto on MetaMask, users need […]
Today in Crypto: India’s Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto to Digitally Sign Documents, UK Recruiting For CBDC Academic Advisory Group Source: AdobeStock / Galyna Andrushko Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ AI news The central Reserve Bank of India (RBI) published a press release that includes the idea of using artificial intelligence (AI) on conversational payments in the unified […]
Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo Source: AdobeStock / Rafael Henrique Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Exchange news Binance announced today that it has become the first fully licensed crypto exchange in El Salvador after being granted the Bitcoin Services Provider license (BSP) by […]
Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve Finance Offers a $1.85 Million Bounty to Identify & Convict the Hacker
Today in Crypto: Binance Says US CFTC ‘Relies on Overreaching and Internally Inconsistent Theories’, US Senate Includes Crypto Mixers in its Approved National Defense Bill, The British Museum Partners with The Sandbox
Today in Crypto: UK Gov ‘Firmly Disagrees’ with Treasury on Regulating Crypto as Gambling, UK FCA to Open Digital Sandbox on August 1, Push Protocol Launches Decentralized Audio & Video Streaming App
UK Regulator Targets Unlawful Crypto ATMs in Joint Operation Source: AdobeStock / Parilov The UK’s financial watchdog and four other law enforcement agencies recently inspected another 18 crypto ATM sites, “disrupting” 26 machines across the nation. The Financial Conduct Authority (FCA) stated on Tuesday that the sites “suspected” of operating crypto ATMs were inspected in May and June in a coordinated operation with the […]
Today in Crypto: Crypto’s ‘Inherent Structural Flaws’ Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down
UK Law Commission Wants The Crypto And Blockchain Tech To Thrive The UK Law Commission has emphasized the importance of developing laws to regulate crypto assets in order to establish the country as a global center for cryptocurrencies and non-fungible tokens (NFTs). In their statement released on Wednesday, June 28, the independent panel highlighted that these long-awaited recommendations aim to create a comprehensive legal framework for […]
FCA Confirms That Digital Assets Head Binu Paul Exited Less Than a Year After Assuming Role, Search for Replacement to Begin ‘Shortly’
Today in Crypto: Prosecutors Impose Travel Ban on Haru Execs, US Retailers Hit with Bomb Threats & Bitcoin Demands, Gemini Allows Withdrawals for Voyager Users
Today in Crypto: JPMorgan Deploys JPM Coin for Euro-Denominated Payments, Casa Rolls out Support for Ethereum Storage, US SEC Grants BlockFi Temporary Relief From Settling a $30M Penalty, Gemini Staking Pro Expands to the UK Source: AdobeStock / Dragoș Asaftei Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Banking news JPMorgan expanded its blockchain-based payment system, JPM Coin, to include euro-denominated transactions for corporate clients, Bloomberg reported. JPM Coin, which the bank launched in 2019, went […]
Today in Crypto: IMF Will ‘Pursue Relentlessly’ CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down
UN report highlights ‘serious and urgent’ concerns about AI deepfakes The UN wants to address AI-generated fake news and information as the organization looks to bring in voluntary guidelines for the technology. News Join us on social networks The United Nations has called artificial intelligence-generated media a “serious and urgent” threat to information integrity, particularly on social media. In a June 12 report, the UN […]
Today in Crypto: US Court Issues a Summons for Binance’s CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto Ads, Commonwealth Bank of Australia Limits Customers’ Ability to Send Money to Crypto Exchanges Source: AdobeStock / eyeofpaul Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Legal news A United States district court in Washington reportedly issued a summons for Binance CEO Changpeng Zhao after the Securities and Exchange Commission (SEC) sued the exchange. “A […]
Today in Crypto: JPMorgan Partners with 6 Indian Banks on Blockchain-Based Interbank Transactions, APPG Makes 53 Crypto Recommendations to the UK Government, Charles Hoskinson Warns About the Rise in AI-generated Frauds
Today in Crypto: Elon Musk Accused of DOGE-Related Insider Trading, Xapo Integrates with the Single Euro Payments Area Network, US CFTC Mulls Rules Change to Include Crypto Risk
UK Parliament’s Treasury Committee Calls for Cryptocurrency Regulation, Citing Gambling-Like Risks Sourcee: Adobe Stock / lucadp The UK Parliament’s Treasury Committee has called for unbacked cryptocurrencies to be regulated in the same way as gambling, saying speculation in these assets “more closely resembles gambling than it does a financial service.” “Regardless of the regulatory regime, their price volatility and absence of intrinsic value means that unbacked […]
