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British Financial Watchdog Approves BCB Group as Authorized Payment Firm

BCB Group, a European crypto-focused payment processor for the likes of major global crypto firms like Coinbase, has secured a license from British regulators.The United Kingdom’s Financial Conduct Authority (FCA) has officially approved the firm’s core subsidiary, BCB Payments, as an authorized payment institution (API), BCB Group announced on

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SEC Seeks British Assistance in Getting Testimony of Ex-Telegram CIO

The Securities and Exchange Commission (SEC) has filed a proposed order with the US District Court for the Southern District of New York to request the British High Court’s assistance in getting the testimony of Telegram’s former chief investment advisor, John Hyman. Telegram has been embroiled in a longstanding legal wrangle

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British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money

The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals.On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies, released tax guidance updates that further clarify its stance on how

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Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound

Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound (GBP) through the Faster Payments Scheme.Cryptopay revealed the development in a press release with CryptoX on Oct. 9, specifying that its United Kingdom-based users can now fund their accounts and make withdrawals with GBP,

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