FCA issues warning against Binance backdoor re-entry into UK payments network—again
The FCA expressed concerns about a Binance subsidiary that recently took up a stake in a holding company regulated in the U.K., for the second time in a month.
Latest United Kingdom News
As many as 300 digital asset firms probed in 2021 amid surge in scams: UK regulator
The Financial Conduct Authority opened investigation into 300 digital asset firms and stopped 1 in 4 companies from joining the market as reports of scam and fraudulent activities rose in 2021.
UK watchdog bans ‘irresponsible’ London tube Floki Inu memecoin ads
The Advertising Standards Authority (ASA) announced that it had banned the ad which contained an image of a cartoon dog wearing a Viking helmet as well as text that read, “MISSED DOGE. GET FLOKI.”
UK fast-tracks new law giving gov’t more power to seize digital assets
The U.K. parliament is pushing for the passing of a new economic bill that will give the government greater power to seize digital currencies to curb money laundering.
Wright v Granath: Parties argue over motion to dismiss Craig Wright libel case before trial
Magnus Granath was asking that the court order summary judgment in his favor on the basis that Dr. Craig Wright had presented no evidence that the former’s alleged defamatory tweet had seriously harmed Dr. Wright’s reputation.
Bitpanda misleading claims slapped down by UK regulator
Bitpanda claimed that it could now perform regulated custodian services in the U.K., but the FCA, which regulates Trustology, quickly put that notion to rest with an announcement of its own.
Bitstocks Gravity to suspend its money service
The move comes as the Financial Conduct Authority advised Bitstocks that their application for permanent FCA registration was likely to be rejected, promoting Bitstocks to withdraw their application.
FCA concerned about Binance’s backdoor re-entry into UK payments network
Binance announced a partnership with Paysafe that once again gives it access to the U.K. payments network, having lost it after the Financial Conduct Authority booted the exchange out in June.
The CoinGeek Pulse Episode 76: US Treasury scrutinizes NFTs, CBDC grows globally, TAAL mines 3.87GB Bitcoin block
Enterprise blockchain services provider TAAL made history this week when it mined the biggest Bitcoin block at 3.87GB, which had 188,000 transactions and collected 9.7 BSV in fees.
Judge calls COPA’s claimed legal costs excessive, reduces award by 33%
The U.K. High Court has rejected a costs proposal by Crypto Open Patent Alliance (COPA) with regard to rulings issued by the Court late last year in their case against Dr. Craig Wright.
Bank of England to decide on CBDC in 2022, but it won’t develop retail wallet
A senior executive at the bank said that while it may eventually pursue the central bank digital currency, it would relegate the development of a retail CBDC wallet to the private sector.
Peter McCormack’s last chance to appeal rejected, trial to begin in May
Peter McCormack will now have to face Dr. Wright’s defamation claim at trial in May on the limited basis that though his attacks on Wright were untrue, they nonetheless still failed to cause him serious harm.