US, UK, Australia to Sanction Evil Corp
The U.S., UK, and Australia have sanctioned members of Russia-based Evil Corp, a cybercrime syndicate responsible for over $100 million in theft via malware and ransomware. The United States, the United Kingdom, and Australia have jointly implemented sanctions against key members of Evil Corp, a cybercrime syndicate headquartered in Russia. This organization is purportedly accountable […]
Sorare Charged with Unauthorized Gambling in UK
Sorare, a fantasy sports company, has been accused of providing unauthorized gambling services in the United Kingdom. Sorare, a fantasy sports company, has been accused of providing unauthorized gambling services in the United Kingdom. This is the first action the Gambling Commission has ever taken against a blockchain-based virtual casino platform. The company, headquartered in […]
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 […]
Trade Group UK Says Blockchain Could Help Payments Sector
According to Trade group UK, the finance industry, which conducts $14.5 trillion in payments annually, could benefit from a blockchain-based ledger for payments and settlements. UK Finance expressed its satisfaction with the Regulated Liability Network (RLN), a blockchain-based ledger for central bank digital currencies (CBDC) and tokenized assets, following the conclusion of its effective experimental […]
CEX.IO Resumes UK Operations After Meeting FCA Guidelines
CEX.IO has resumed UK operations after complying with the FCA’s new crypto asset promotion regulations, which led to a voluntary suspension last year. On Thursday morning, CEX.IO, a centralized crypto exchange, recommenced operations in the United Kingdom. The company’s registration process now complies with the Financial Conduct Authority, the country’s financial regulator. Following the FCA’s […]