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.
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.
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.”
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.
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 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.
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.
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.
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.
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.
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.