Category: UK

Digital Pound Foundation launches, aiming to promote a UK CBDC

Digital Pound Foundation launches, aiming to promote a UK CBDC

A group of crypto advocates and firms are forming a new coalition to push the United Kingdom to issue a central bank digital currency (CBDC). The Digital Pound Foundation announced its launch today, aiming to support “the implementation of a well-designed digital Pound and digital money ecosystem.” Member firms include Accenture, Avalanche, Billon Group, CGI […]

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Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese

Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese

While there’s a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese. Traders of Crypto Surveys Hundreds of Britons, […]

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PayPal launches crypto trading service in the UK

PayPal launches crypto trading service in the UK

PayPal has launched its crypto service in the U.K.  Starting next week, the company will allow its users in the country to buy, sell, and hold cryptocurrencies. The U.K. is the first international market PayPal has expanded into for its crypto service after the U.S. launch last October. Like its U.S. users, PayPal’s U.K. customers will […]

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Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide

Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide

On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, […]

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Binance to trace crypto hacked from user account following UK court order

Binance to trace crypto hacked from user account following UK court order

A UK court has ordered Binance to trace cryptocurrency hacked from one of its users, Fetch.ai, according to an order made public on August 13.   According to the documents, hackers accessed Fetch.ai’s crypto accounts on Binance on June 6, selling assets valued at $2.6 million to a linked account for a fraction of their value […]

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UK Treasury moves toward implementing FATF’s crypto ‘travel rule’ with public consultation

UK Treasury moves toward implementing FATF’s crypto ‘travel rule’ with public consultation

HM Treasury, the U.K. government’s finance ministry, unveiled Thursday a public consultation on, among other subjects, its planned implementation of the Financial Action Task Force (FATF)’s so-called travel rule for cryptocurrency transactions. On July 22, the Treasury said that the consultation represents a key step toward amending UK regulations covering terrorism financing, money laundering and […]

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UK Watchdog FCA Announces £11 M Marketing Campaign to Warn Users of Crypto Risks

UK watchdog, the Financial Conduct Authority (FCA) has announced the launch of its upcoming digital marketing campaign worth £11m to alert the younger investors in the crypto community of the risks in the crypto market. Nikhil Rathi, the chief executive officer delivered a speech at the ‘FCA’s Our Role and Business Plan webinar’. He expressed […]

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