First global crypto fraud and asset recovery network launches in the UK
Fraud related and money laundering issues have become a menace to the crypto space, this has prompted a group of London law firms to form a worldwide crypto fraud recovery network. The Crypto Fraud and Asset Recovery, or CFAAR , network include lawyers who have handled some of the first crypto-related court cases in the […]
PayPal set to launch crypto trading for British users
PayPal, a global payments company, is eyeing the United Kingdom and wants to let British customers trade crypto on its new app. PayPal has done very well out of crypto trading for the period, according to the company’s second-quarter results call on Wednesday. According to CEO Dan Schulman, the United Kingdom is expected to be […]
Another $250 million worth of crypto confiscated by U.K police in London
The usage of cryptocurrency to launder illegal money in London has reached a new peak, with British police seizing $250 million in an unidentified cryptocurrency today. In its most recent operation, the Metropolitan Police Service of London seized a record $249 million (£180 million) in cryptocurrency as part of a larger investigation into international money […]
The UK begins Crackdown on Misleading Crypto Advertisements
UK’s Advertising Standards Authority (ASA) is set to begin a crackdown on false crypto advertisements. This regulation will particularly find at fault any crypto advertisement without a disclaimer on the risks involved. The Advertising Standards Authority (ASA), a UK regulator, has declared a nationwide crackdown on false crypto advertising. According to the ASA, most crypto […]
UK’s Nationwide Building Society Ramps UP Its Crypto Policies Amid Global Crackdown
According to a report in the UK’s Financial News on Tuesday, popular high-street lender Nationwide is evaluating its crypto policy. As the world’s largest building society (basically a bank without shareholders), Nationwide announced plans to “monitor the situation regarding cryptocurrencies ,” including heightened vigilance in areas where its consumers may be targeted by scammers. In […]