Three major UK banks experimenting with tokenised deposits amid ‘Britcoin’ uncertainty
Barclays, Lloyds, and Citi banks experimenting with tokenised deposits. The trial aims to explore digital banking potential amidst the uncertain future of ‘Britcoin’. BIS’s Agora project and UK government support reflect the global push for advanced financial systems. In a bid to explore innovative financial technologies, three major British banks — Barclays, Lloyds Banking Group, […]
Checkout.com terminates Binance support over AML concerns: report
Credit card processor Checkout.com cuts ties with Binance over AML concerns. Binance is reportedly considering legal action, Forbes said in a report published August 18. Binance recently announced it was shutting down its regulated buy-and-sell crypto arm Binance Connect. Checkout.com, the UK-based payments processor that has been one of the biggest payments partners for Binance, […]
Binance denies affiliation with entity registered in UK
Binance has denied claims it’s been using a small building shared with thousands of other companies as its registered office in the U.K.This post was originally published on this site
Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
Ripple’s operations gear up in Europe and Asian markets despite an ongoing lawsuit instituted by the U.S. Securities and Exchange Commission. This post was originally published on this site
AI should be regulated like medicine and nuclear power: UK Labour Party MP
A front-bench member of the United Kingdom’s opposition Labour Party says artificial intelligence should be licensed and regulated similarly to the pharmaceutical and nuclear industries.This post was originally published on this site
UK Treasury opens consultation on taxation of DeFi lending and staking
UK’s HM Treasury has outlined tax policy changes targeted at DeFi lending and staking. The proposals are part of a consultation on taxation of activities conducted using crypto assets in DeFi. The new changes are also looking to apply to crypto lending and staking transactions on centralised finance (CeFi) platforms. HM Treasury, the UK’s economic […]
Gold Slides on Higher US Treasury Yields, Dollar
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on Another Rate Hike in May […]
UK could roll out crypto regulation within a year, says senior minister
Key takeaways Andrew Griffith has estimated that the UK could roll out its crypto regulation within a year. He pointed out that the UK is working hard to become a crypto hub, promoting innovation while ensuring progressive regulation. Coinbase’s CEO recently revealed that the crypto exchange could relocate from the US due to regulatory uncertainties. […]
LinksDAO wins bid to buy its first golf course, says CEO
The successful bid comes a month after 88.6% of LinksDAO token holders voted in favor of putting in a “compelling offer” for the golf course in its governance vote.This post was originally published on this site
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Russian Traders Still Using […]