Category: United Kingdom

Diginex’s crypto custody arm receives green light from UK financial watchdog

May 14, 2021

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The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions. 9346 Total views 32 Total shares Financial regulators in the U.K. have approved Digivault, the security token custody arm of digital assets group Diginex, to register as a custodian wallet provider. In an announcement from Diginex […]

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Bank of England governor issues crypto investment warning

May 7, 2021

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England’s central bank warns crypto investors to be wary of the risks associated with buying cryptocurrencies. 29774 Total views 35 Total shares Andrew Bailey, governor of the Bank of England, has warned crypto investors of the dangers of participating in the market. Speaking during a conference on Thursday, Bailey balked at the notion of “cryptocurrencies,” […]

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England’s central bank moves ahead with CBDC with 7 job postings

April 30, 2021

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The Bank of England’s CBDC-related job listings range from solution architect to senior manager. 4103 Total views 21 Total shares The United Kingdom’s central bank, the Bank of England, or BoE, still maintains that it is unsure on a path forward regarding a central bank digital currency, although the entity is looking to hire at […]

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Brexit and fintech: A spring stocktake

April 25, 2021

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It has been four months since the Brexit trade deal came into effect between the United Kingdom and the European Union. The deal, in common with other free trade agreements, does very little to support the export of financial services from the U.K. into the single market. As a result, spring has seen financial services […]

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New digital dispute rules aim to keep crypto disagreements out of court

April 22, 2021

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New digital dispute rules could keep smart contract disagreements out of the courts with the help of an independent arbitration tribunal. 10010 Total views 44 Total shares A British government-sanctioned task force has proposed a dispute resolution framework that would keep cryptocurrency and smart contract disagreements out of the courts. A 14-page report published by […]

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UK government establishes central bank digital currency task force

April 19, 2021

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The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency. 8374 Total views 49 Total shares Her Majesty’s Treasury and the Bank of England have begun preliminary central bank digital currency studies that could result in the creation of a national digital currency. In a document […]

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The perils of suing crypto exchanges after ransomware attacks

April 18, 2021

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In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems.  The firm’s United […]

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Forex and crypto investors seek thrills and social status, says FCA study

March 23, 2021

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A new study commissioned by the United Kingdom’s Financial Conduct Authority found that the profile of cryptocurrency traders skews toward thrill-seeking and trading on gut “instinct.” 4056 Total views 29 Total shares Cryptocurrency traders — according to the findings of a new study commissioned by the United Kingdom’s Financial Conduct Authority — are a young, diverse bunch […]

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Manchester City soccer club launches fan token with Socios

March 19, 2021

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English Premier League soccer club Manchester City is debuting a blockchain-based fan token, promising free tokens for registered Cityzen fans. 7172 Total views 47 Total shares Major English football club Manchester City is the latest sports club to launch its own blockchain-based token to power new tools for digital fan engagement. According to an official […]

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The number of Bitcoin ATMs in the US rose 177% over the past year

March 10, 2021

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Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020. 13623 Total views 62 Total shares Since March 1, 2020, the number of new Bitcoin ATMs installed worldwide is nearing 10,000. According to the latest data from Coin ATM Radar, the current number of machines stands at 16,835, a strong 57.5% increase, […]

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