UK politicians say cryptocurrency is ‘not an investment’
The head of the FCA said the agency is expecting new powers for regulating crypto advertisements. Go to Source Powered by WPeMatico
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Bitcoin too volatile to be adopted as legal tender, says BoE chief
The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it. Go to Source Powered by WPeMatico
UK Law Commission affirms English and Welsh laws apply to smart contracts
“The Law Commission’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in the context of smart legal contracts,” said the announcement. Go to Source Powered by WPeMatico
Manchester City officials sign and suspend partnership with mysterious crypto firm within a week
It is unusual for an organization such as a Premier League football club to publicly announce a partnership with a relatively unknown company in the crypto space and then quickly back out without explanation. Go to Source Powered by WPeMatico
London assembly member calls for ban on crypto ads in trains and buses
The lawmaker said that she wasn’t specifically targeting memecoin Floki Inu in the push for this crackdown, but rather as one of three current crypto advertising campaigns on London’s public transport. Go to Source Powered by WPeMatico
UK Treasury and central bank will consult on CBDC, potentially launching by 2030
“The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made. Go to Source Powered by WPeMatico
UK FCA grants registration to crypto startup Crypterium
Crypterium’s cryptocurrency wallet application is available in more than 170 countries, the company says. Go to Source Powered by WPeMatico
Guernsey regulator approves Jacobi Asset Management’s Bitcoin ETF launch
GFSC-approved Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument supported by Fidelity Digital Assets-provided Bitcoin custody. Go to Source Powered by WPeMatico
Crypto lending firm Celsius Network raises $400M
“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said. Go to Source Powered by WPeMatico
PayPal completes crypto trading rollout for UK customers
PayPal’s Bitcoin trading services are now fully available in the United Kingdom after the global payment giant began rolling out services last month. Go to Source Powered by WPeMatico