Cryptocurrency Analysis and News Portal
This week the U.K.’s Financial Conduct Authority (FCA), which regulates the country’s financial services, issued a ban on the sale of crypto derivatives and ETNs to retail investors. While this may not seem particularly material to crypto asset markets overall – U.K. retail investors weren’t that much into crypto derivatives anyway,
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The director of Binance UK, Teana Baker-Taylor, is leaving the cryptocurrency exchange after a relatively brief, half-year stint in the role.A spokesperson for Binance confirmed to CryptoX that Baker-Taylor will depart “in a few days,” adding: “We would like to thank Teana for her hard work and achievements leading Binance
Read MoreFollowing the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cryptox.Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs. Unlike exchange-traded funds, ETNs do not necessarily own the underlying
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The Financial Conduct Authority (FCA) has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of crypto assets to retail consumers.The U.K. financial regulator said it considers these products to be ill-suited for retail consumers due to the harm they pose, asserting
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U.K. users of the exchange who have received £5,000 or more in the past tax year will have their information passed to the tax authority. Source
Read MoreDear data protection and freedom of information colleagues, As organisations continue to adapt to respond to the challenges of COVID-19, I wanted to write to you setting out what continued support you can expect from my Office in the coming months, as we continue to adjust our approach to reflect these
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Cryptocurrency exchange and custodian Gemini announced on Thursday that its UK users, individual and institutional, will now be able to trade and store crypto using the Pound sterling (GBP). Source
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A new app that allows users to buy bitcoin, as well as earn interest on holdings, is reportedly looking at going public in the U.K. UPDATE (Sept. 7, 13:50 UTC): This article has been updated to clarify that Mode Banking uses custodial provider BitGo to hold customer assets. Source
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The world’s largest cryptocurrency exchange, Binance, has targeted London commuters with new ads featuring Bitcoin.According to an Aug. 28 tweet from Binance.UK, the crypto exchange has placed new ads at 17 bus stops in London. The image shows two older generations of coins as well as a current two-pound coin
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Wirecard has already laid off a number of employees in its Germany office. The company believes that most of its 80 UK employees would be absorbed by Railsbank.Wirecard UK business will be acquired by Railsbank. This was revealed by the payment processing company and this move is said to be
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