Binance to lose its British pound on- and off-ramp provider in 9 weeks

Binance has also had problems with its banking partner for United States dollar transfers over the last few months.

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Binance to lose its GBP on-and-off ramp provider in 9 weeks

Binance is scrambling to find a new service partner to process British Pound (GBP) transfers on its trading platform after its current partner, Skrill Limited announced it will soon cease providing services to the crypto exchange.  Binance explained in a Mar. 13 email to “Binancians” that Skrill would stop processing GBP deposits and withdrawals via [...]

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Bank of England opens applications for 'proof of concept' CBDC wallet

The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.

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Britain Eyes Becoming a Crypto Hub, Upgrading the Market by Adopting DLT

In pursuit of becoming a global crypto hub, Britain seeks to revamp the traditional financial market using distributed ledger technology (DLT), according to the finance ministry. (Read More)

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Markets React to Bank of England Warnings

Today, the British pound fell in value as the Bank of England increased interest rates and warned of inflation. The drop took place amid a broader decline in stocks and...

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Britain’s Crypto Plans To Be Revealed In A Matter Of Weeks

Will Britain’s crypto regulation plans be as positively received as the recent U.S. announcement? Scoop: UK Chancellor Rishi Sunak will soon reveal plans to regulate the crypto market, sources say. The move is being viewed as a response to US President Joe Biden’s executive order on cryptocurrencies. https://t.co/wkJdgKklVZ — Ryan Browne (@Ryan_Browne_) March 27, 2022 According […]

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British Lawmakers Sense Risks Over Use of Digital Pound

As talks about the release of a digital pound by 2025 are yet to happen, British lawmakers are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy. (Read More)

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Twist: Bank Of England Is Cool With Crypto After All

Andrew Bailey, the Governor of the Bank of England, said recently, “Cryptocurrencies have no intrinsic value.” Bank of England: #Bitcoin and crypto don't pose major risk to financial stability. — Bitcoin Archive ?????? (@BTC_Archive) October 8, 2021 According to the Bank of England’s recent financial summary, crypto poses only a “limited risk” to UK’s financial […]

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PayPal Enables Bitcoin Buying and Selling In Britain

Payments giant PayPal launched new services allowing customers in the U.K. to buy, hold, and sell Bitcoin.

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Crypto memes can be considered financial promotions, says UK watchdog

Crypto firms and influencers may need to start slapping disclaimers on crypto memes to stay compliant with advertising laws in the United Kingdom, according to a new proposed guidance from the country’s financial regulator. On July 17, the Financial Conduct Authority (FCA) released a proposed guidance on social media financial promotions which targets promotional memes [...]

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