UK will launch Digital Securities Sandbox Q1 2024
The Digital Securities Sandbox of His Majesty’s Treasury will have “a new rule set that would allow it to do new things with digital securities.” By the first quarter of 2024, the United Kingdom will have its second crypto sandbox. It will emphasize digital securities explicitly. Helen Boyd, director of capital markets at the Financial […]
Bybit Terminates UK Services Citing New FCA Regulations
Leading cryptocurrency exchange Bybit has announced plans to halt its operations in the United Kingdom (UK) by next month. The decision comes in response to the UK’s Financial Conduct Authority (FCA) announcing new regulations that would take effect the following month. As a result, starting on October 1, Bybit will no longer accept new UK […]
FCA Grants Extension for Crypto Marketing Deadline Until 2024
The Financial Conduct Authority (FCA) of the United Kingdom has formally communicated the potential extension of up to three months for cryptocurrency companies to implement crucial modifications to their marketing practices. Originally planned to become effective on October 8, 2023, the new regulations have been designed to curtail aggressive marketing strategies and unsuitable incentives. However, […]
UK Crypto Firms Face New Travel Rule Requirements from FCA
The UK’s financial regulator has imposed new rules on crypto businesses to collect and verify information on digital asset transfers as part of its anti-money laundering and counter-terrorist financing efforts. The UK’s Financial Conduct Authority (FCA) has announced that the Travel Rule, a global standard for transparency in digital asset transfers, came into force on […]
PayPal UK to Temporarily Stop Bitcoin Purchases Till 2024
PayPal United Kingdom will temporarily halt crypto purchases on its platform from Oct. 1, 2023, through early 2024 to comply with local financial regulations. PayPal is temporarily suspending the ability for its U.K. customers to purchase cryptocurrencies such as Bitcoin, the company told Cointelegraph on August 16. “PayPal customers who currently hold cryptocurrency can store […]