Binance to Stop Accepting New U.K. Users to Comply With Ad Rules
The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance's local partner from approving crypto ads. Source
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U.K
U.K. Group Calls for NFT Copyright Infringement Safeguards and Code of Conduct
The Culture, Media and Sport Committee, which includes representatives from several political parties, started an inquiry into non-fungible tokens in November. Original Source
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Binance’s U.K. Partner Can’t Approve Crypto Ads, the FCA Says
While Binance declined to comment on the restrictions placed on its U.K. partner, a spokesperson for the exchange told CryptoX that it had shared its partnership agreement with the FCA on Oct. 2, "almost a full week before the requirements of the updated Financial Promotions Regime came into effect." Source
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Why Some Crypto Firms Are Suspending Services in the U.K.
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect. Source
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Chase U.K. to Block Crypto Payments Citing Fraud, Scams
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets. Source
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U.K. Parliament Passes Online Safety Bill That Will Apply to The Metaverse
“The metaverse is in scope of the bill, which, as noble Lords know, has been designed to be technology neutral and future-proofed to ensure that it keeps pace with emerging technologies,” Lord Stephen Parkinson, a member of the Parliament's upper house and minister at the Department for Culture, Media and
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Craig Wright Needs to Pay $516K to Fight Case Against Kraken, Coinbase: U.K. Judge
Craig Wright, an Australian computer scientist who claims he is blockchain innovator Satoshi Nakamoto and owns the concepts underpinning Bitcoin, must pay 400,000 British pounds ($516,000) in security for legal costs to pursue claims against crypto exchanges Coinbase and Kraken. Source
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House of Lords Passes U.K. Bill to Help Seize and Freeze Crypto Used for Crime Like Money Laundering, Terrorism
The U.K.'s Economic Crime and Corporate Transparency Bill, which will help law-enforcement agencies seize and freeze crypto used for crime, took a step closer to entering the statute book after being passed by Parliament’s upper chamber on Tuesday. Source
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Digital Pound Should Be Interoperable with Crypto, U.K. Lobbyists Say
“Though not in the bank’s near-term ambitions, a digital pound could one day unlock real-time and low-cost cross-border transactions directly from their users’ digital wallets, eliminating the need for intermediaries and reducing transaction fees,” Adam Jackson, policy advisor at Innovate Finance told CryptoX in a statement. Source
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First Mover Americas: VC Giant Andreessen Horowitz Looks to U.K. For Expansion
The latest price moves in bitcoin (BTC) and crypto markets in context for June 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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