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3232Scottish Court Sets Precedent With Crypto-to-Cash Confiscation
https://www.digit.info/scottish-court-sets-precedent-with-crypto-to-cash-confiscation/
Wed, 04 Sep 2024 05:30:11 +0000https://www.digit.info/scottish-court-sets-precedent-with-crypto-to-cash-confiscation/Read more]]>Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […]
]]>British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
https://www.digit.info/british-bank-natwest-implements-new-limits-on-cryptocurrency-payments-to-combat-uk-crypto-scams/
Wed, 15 Mar 2023 18:00:35 +0000https://www.digit.info/2023/03/15/british-bank-natwest-implements-new-limits-on-cryptocurrency-payments-to-combat-uk-crypto-scams/Read more]]>On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]
]]>Multi-Billion Dollar Financial Services Firm Lloyds Looks to Hire a Digital Currency Expert
https://www.digit.info/multi-billion-dollar-financial-services-firm-lloyds-looks-to-hire-a-digital-currency-expert/
Wed, 18 Aug 2021 02:30:12 +0000https://www.digit.info/2021/08/18/multi-billion-dollar-financial-services-firm-lloyds-looks-to-hire-a-digital-currency-expert/Read more]]>Lloyds Banking Group, the British parent company of Lloyds Bank, is currently hiring a “digital currency [and] innovation senior manager,” according to a recent job listing posted to BYP Network. Lloyds is one of the largest financial services firms in the world with close to $500 billion assets under management (AUM). The new digital currency […]
]]>Scottish Music School Now Supports Crypto Payments for Tuition
https://www.digit.info/scottish-music-school-now-supports-crypto-payments-for-tuition/
Wed, 31 Mar 2021 14:30:26 +0000https://www.digit.info/2021/03/31/scottish-music-school-now-supports-crypto-payments-for-tuition/Read more]]>On March 28, the Scottish school in Edinburgh called the Morningside School of Music decided to accept cryptocurrency payments for tuition. Morningside’s director Linda Boyd said the school had noticed the trend of larger firms joining the crypto economy and it’s “just a matter of time before smaller businesses like ours start doing the same,” […]
Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […]
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On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]
Lloyds Banking Group, the British parent company of Lloyds Bank, is currently hiring a “digital currency [and] innovation senior manager,” according to a recent job listing posted to BYP Network. Lloyds is one of the largest financial services firms in the world with close to $500 billion assets under management (AUM). The new digital currency […]
On March 28, the Scottish school in Edinburgh called the Morningside School of Music decided to accept cryptocurrency payments for tuition. Morningside’s director Linda Boyd said the school had noticed the trend of larger firms joining the crypto economy and it’s “just a matter of time before smaller businesses like ours start doing the same,” […]