Bitcoin Lightning Network to be used in fiat transfers between EU and Africa
CoinCorner and Bitnob teamed up to create cross-border transactions between the UK and Europe to Africa via the Bitcoin Lightning Network. Go to Source Powered by WPeMatico
United Kingdom
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UK crypto bill to restrict services from abroad: Report
The regulatory amendments will broaden the powers of the country’s financial regulator and put the crypto industry under tighter scrutiny. Go to Source Powered by WPeMatico
How can UK-based businesses accept Bitcoin?
Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout. Go to Source Powered by WPeMatico
UK bank Starling bans crypto-related purchases and deposits citing high risk
Starling has banned its customers from purchasing cryptocurrencies with their bank cards or receiving transfers from crypto merchants. Go to Source Powered by WPeMatico
UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’
According to the DCMS committee, NFT regulation in the U.K. is “largely non-existent,” with lawmakers planning to assess the assets ahead of a review by the treasury department. Go to Source Powered by WPeMatico
Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto ‘Can Be High Risk’
On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ … Read more
Bank of England raises interest rates to 3%, largest jump in 33 years
The Bank of England is trying to bring soaring inflation under control by dramatically increasing the cost of borrowing money. Go to Source Powered by WPeMatico
Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like. Go to Source Powered by WPeMatico
UK Prime Minister Rishi Sunak’s win was a victory for crypto
Cryptocurrency fans have a lot to look forward to with the new prime minister, who has a track record of being highly positive about the industry. Go to Source Powered by WPeMatico
United Kingdom banks hate crypto, and that’s bad news for everyone
Banks in the United Kingdom try to block businesses and individuals alike from investing in cryptocurrency. Regulators should fix the situation. Go to Source Powered by WPeMatico
