UK advances crypto initiatives with financial services reforms
The reforms include regulating stablecoins for payment and creating a sandbox where firms and regulators can test new financial technologies. Jeremy Hunt, the Chancellor of the Exchequer of the United Kingdom, announced a number of reforms intended to “drive growth and competitiveness” to the nation’s financial services industry. These initiatives include actions that support the […]
Amber Group abandons expansion plans after denying insolvency
Amber has scrapped plans to expand in Europe and the United States as a consequence of exposure to the now-defunct exchange FTX Despite the FTX contagion having “minimal interruption” to its everyday operations, cryptocurrency trading company Amber Group is delaying its expansion ambitions, according to a top official. As a result of exposure to the […]