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Tag: united-kingdom

Oct 27 2022

UK Court Winds Down Fraudulent Crypto Firm PGI Global

□ Oct 27 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurency cryptocurrency crypto scam united-kingdom

The High Court in the UK has winded down PGI Global UK Ltd for running a cryptocurrency trading scam and defrauding investors. The Official Receiver also appointed a liquidator for the process of shuttering.

The company's sole director, Ramil Ventura Palafox, who lives in the...

UK Court Winds Down Fraudulent Crypto Firm PGI Global

□ Oct 27 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurency cryptocurrency crypto scam united-kingdom

The High Court in the UK has closed down PGI Global UK Ltd for running a cryptocurrency trading scam and defrauding investors. In addition, the Official Receiver appointed a liquidator for the process of shuttering.

The company's sole director, Ramil Ventura Palafox, who lives...

Jul 28 2022

Gemini Inks Deal with Payments Platform Plaid for UK Payments

□ Jul 28 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurrency cryptocurrency exchange gemini united-kingdom

Gemini, a US-based cryptocurrency exchange, said on Thursday that it arranged a partnership with Plaid, an open banking and payments platform, to allow UK customers to buy cryptos through their bank accounts.By integrating Gemini, customers will no longer have to enter their bank details or pay any additional fees to make deposits into their accounts. Plaid now offers secure payments and transfers...

Jun 22 2022

Tether to Launch GBP-Pegged Stablecoin

□ Jun 22 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurrency gbp stablecoin tether united-kingdom

Tether Operations Limited is launching a new fiat-pegged digital currency. This time it will be pegged to the British Pound Sterling, the stablecoin developer announced on Wednesday. The new stablecoin, GBP₮, is prepared to be launched in early July, but the company did not provide any specific date. Initially, the stablecoin will be available only on the Ethereum blockchain. In addition, it has...

Jun 08 2022

Fiat Republic Becomes EMI after Paybase Acquisition, Raises $2.5m

□ Jun 08 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  banking cryptocurrency fiat payments united-kingdom

Fiat Republic, a London-based banking-as-a-service (BaaS) platform seeking to bridge the gap between third-generation web (Web3) and traditional banks, is now an electronic money institution (EMI) ...

Jun 07 2022

UK to Test Blockchain Technology in Traditional Market Activities

□ Jun 07 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  blockchain cryptocurency cryptocurrency united-kingdom

On Tuesday, the UK Finance Ministry announced that the country will start live testing blockchain technology for traditional market activities such as trading and settlement of stocks and bonds nex...

May 11 2022

UK FCA Issues New Reminder about the Risks of Investing in Cryptos

□ May 11 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurrency fca united-kingdom

The UK’s Financial Conduct Authority (FCA) issued another reminder to warn consumers about the risks of investing in cryptocurrencies.

Apr 19 2022

Robinhood Signs Deal to Acquire UK Crypto App Ziglu

□ Apr 19 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  acquisition cryptocurrency robinhood united-kingdom

On Tuesday, Robinhood, a major US commission-free stock trading and investing app, announced that it reached an agreement to acquire London-based fintech app Ziglu.

Mar 22 2022

UK’s Ads Regulator Sends Notice to Over 50 Crypto Companies

□ Mar 22 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurrency united-kingdom

The United Kingdom’s Advertising Standards Authority (ASA) has issued enforcement notices to more than 50 companies in the country that are promoting cryptocurrencies, the agency announced on Tuesday.

Mar 15 2022

UK Agency Wants Regulations on Crypto Mixing Services

□ Mar 15 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurrency united-kingdom

The United Kingdom’s National Crime Agency (NCA) wants regulations for the cryptocurrency mixing technologies that are often used by criminals for hiding ill-gotten cryptos and money laundering, Fi...

Mar 09 2022

UK Regulator Continues Crypto Ad Crack Down, Bans Ziglu's Campaign

□ Mar 09 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  crypto cryptocurrency united-kingdom

The United Kingdom’s ads regulator, the Advertising Standards Authority (ASA), has cracked down on cryptocurrency ad campaigns of Ziglu, an FCA-regulated online crypto platform.

Feb 22 2022

Bitpanda Enters UK Acquiring FCA-Regulated Trustology

□ Feb 22 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  bitpanda cryptocurrency united-kingdom

Austrian crypto unicorn, Bitpanda has entered the United Kingdom with the acquisition of London-based Trustology, a regulated institutional cryptocurrency custodian wallet provider.

Jan 13 2022

House of Lords Raised Serious Concerns over UK CBDC Launch

□ Jan 13 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cbdc cryptocurrency united-kingdom

. An all-party committee of the United Kingdom’s House of Lords warned on the concerns of financial instability from the proposed launch of a central bank digital currency (CBDC).

Jan 11 2022

NYDIG-Subsidiary Bottlepay Gets FCA Approval as Crypto Business

□ Jan 11 2022 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  cryptocurrency fca united-kingdom

The United Kingdom’s Financial Conduct Authority (FCA) is slowly approving the registration of crypto companies one at a time: the most recent one being NYDIG subsidiary Bottlepay, which is a Bitco...

Dec 22 2021

UK Ads Regulator Slams Arsenal FC for Fan Token Promotion

□ Dec 22 2021 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  advertising arsenal cryptocurency cryptocurrency united-kingdom

The Advertising Standards Authority (ASA), which imposes ads regulations in the United Kingdom, continues its bust against non-compliant cryptocurrency ads and recently slammed Arsenal FC for promo...

UK Ads Regulator Slams Arsenal FC for Fan Token Promotion

□ Dec 22 2021 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  advertising arsenal cryptocurency cryptocurrency united-kingdom

The Advertising Standards Authority (ASA), which imposes ads regulations in the United Kingdom, is continuing its bust against non-compliant cryptocurrency ads and recently slammed Arsenal FC for p...

Dec 15 2021

UK Regulator Clamps Down on eToro, Coinbase for ‘Misleading’ Crypto Ad

□ Dec 15 2021 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  advertising coinbase cryptocurrency etoro united-kingdom

The British advertising regulator, the Advertising Standards Authority (ASA), is actively cracking down on non-compliant crypto ads, recently targeting Coinbase and eToro (UK).

Dec 06 2021

Binance Plans to Seek FCA Approval in the UK

□ Dec 06 2021 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  binance cryptocurrency fca united-kingdom

Binance is planning to cement its position in the United Kingdom as the crypto exchange is planning to file for Financial Conduct Authority (FCA) approval in the country, CEO Changpeng told Sunday ...

Oct 14 2021

UK Bitcoin Miner Jailed for Stealing Electricity to Run Two Mining Farms

□ Oct 14 2021 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  crypto mining news united-kingdom

The individual was sentenced to 13 months and two weeks in prison at Leicester Crown Court.

Sep 29 2021

Crypto Exchange CoinJar Receives FCA Recognition

□ Sep 29 2021 □ Published at CryptoCurrency – Finance Magnates | Financial and business news under tags  crypto fca news united-kingdom

Only around a dozen of the UK crypto companies have gained mandatory regulatory recognition so far.

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