UK bill on online safety should apply in the Metaverse, say lawmakers
Several members of the House of Lords voiced concerns around children’s online activities in legislation aimed at regulating “anything communicated by means of an internet service”.This post was originally published on this site
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017.This post was originally published on this site
Clarity needed on crypto lending regulations — UK Law Commission
The Law Commission’s recommendations highlight the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations.This post was originally published on this site
UK financial watchdog reminds crypto firms of October deadline for marketing compliance
Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA’s regime.This post was originally published on this site
Winklevoss twins’ Gemini launches Ethereum staking in the UK
Gemini Staking Pro allows institutions in the U.K. to become Ethereum validators by locking up at least 32 ETH, worth about $60,000 at the time of writing.This post was originally published on this site
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
UK government moves forward on financial markets bill for potential regulation of crypto
Following a third reading in the House of Lords, the Financial Services and Markets Bill will return to the lower house of the U.K. Parliament for members to consider any changes.This post was originally published on this site
Binance cancels registration for inactive business in the UK
Binance’s deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, the firm said.This post was originally published on this site
Bitstamp now included on FCA’s list of registered crypto firms
The Financial Conduct Authority listed 42 registered crypto firms in compliance with the U.K. government’s Anti-Money Laundering and Combating the Financing of Terrorism rules.This post was originally published on this site
Crypto ads face stricter rules including a referral bonus ban by FCA
Crypto services in the U.K. will face stricter regulations, including a “cooling-off period” for first-time investors and a ban on “refer a friend” bonuses. This post was originally published on this site