UK FCA will spend £11M to warn people about investing in crypto
U.K. financial regulators have announced an 11 million pound digital marketing war chest to warn people about the dangers of crypto investments. Go to Source Powered by WPeMatico
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Softbank leads $800M investment for banking app Revolut
Now valued at $33 billion, Revolut didn’t rule out a potential IPO this year, but the firm’s CFO suggested that it was unlikely. Go to Source Powered by WPeMatico
UK will hold back action against crypto ‘pockets of exuberance’ for now
The Bank of England’s latest Financial Stability Report took stock of the massive increase in crypto prices and trading activity this year. Go to Source Powered by WPeMatico
Binance woes continue as Clear Junction pulls out
Another player has decided to distance itself from Binance after a slew of negative headlines around the exchange in recent weeks. Go to Source Powered by WPeMatico
UK advertising watchdog flags crypto ads ‘red alert’ priority
The United Kingdom’s Advertising Standards Authority is increasing its capacity to track misleading crypto ads using AI and scraping. Go to Source Powered by WPeMatico
Santander’s UK arm follows Barclays in banning payments to Binance
The bank said would be “following the FCA’s warning to consumers” in blocking payments made to the crypto exchange. Go to Source Powered by WPeMatico
Survey: 21% of UK crypto investors say they know almost nothing about it
A new survey reveals that nearly two in five crypto investors in the U.K. admit their understanding of the sector was “poor or non-existent” when they first purchased cryptocurrency. Go to Source Powered by WPeMatico
BREAKING: Binance suspends euro bank transfers amid regulatory heat
As of 8 am UTC on Wednesday, Binance users will no longer be able to make euro deposits through their bank. However, they can still fund their accounts with credit cards and debit cards. Go to Source Powered by WPeMatico
Binance disappointed by Barclays’ ‘unilateral action’ to block customer payments
A Binance spokesperson reiterated to Cointelegraph that the Financial Conduct Authority’s recent edict only applied to Binance Markets Limited, or BML, which is a separate legal entity from the main global exchange that operates through Binance.com. Go to Source Powered by WPeMatico
Barclays tells cardholders it’s stopping payments to Binance
The British multinational bank has informed customers it is no longer facilitating payments made to the crypto exchange, confirming reports from users over the last week. Go to Source Powered by WPeMatico
