Sorare Charged with Unlicensed Gambling in UK
Sorare’s fantasy games allow players to buy and trade collectible cards as NFTs based on sports events like soccer and basketball. Sorare, a fantasy sports company has faced accusations of providing gambling services in the United Kingdom. This is the very first action that the Gambling Commission has ever taken against a virtual gambling site […]
Dubai Turns Strict on Marketing Crypto Investments
The Dubai change aims to standardize messaging across the industry and protect investors by raising awareness of associated risks. Haven for cryptocurrency investments, Dubai has recently decided to take a different approach and tighten its policies. Dubai Regulator Updates Guidelines on Crypto Investments This is the first measure of its kind to come from the […]
Ledn: Financial Institutions Explore Bitcoin-Backed Lending
Lower interest rates and increasing crypto adoption are encouraging more financial institutions to embrace Bitcoin-backed lending. Financial institutions are increasingly entering the Bitcoin-backed lending space as Bitcoin adoption continues to grow among investment managers, while fiat interest rates become more restrictive, according to a statement by Bitcoin-backed lending platform Ledn to Cointelegraph on Sept. 25. Institutional […]
Telegram Wallet Temporarily Suspended for UK Users Amid Restructuring
Telegram users in the United Kingdom are also barred from using the platform’s in-app wallet due to financial regulations. Telegram Wallet will be temporarily restricted for users in the United Kingdom due to a corporate restructuring. According to a Sept. 25 announcement, the wallet will be available again after the company registers as a crypto […]
Telegram’s Policy Change Prompts Privacy Concerns
Telegram will start sharing user data with relevant authorities in response to valid legal requests. The Telegram messaging app recently introduced a major update to its privacy policy, sparking user concerns about potential privacy issues. Telegram will now share user data with authorities in response to legitimate legal requests, including IP addresses and phone numbers […]