Binance Denies Connection With UK Registered Entity
A subreddit post on June 19 displayed a so-called “utility closet” that Binance Ltd employs as its registered office address in the United Kingdom. Binance has denied the claims that it’s been using the building as its registered office in the U.K. However, a representative for the world’s largest cryptocurrency exchange said the registered organization is […]
UK Minister Suggests Regulation for AI
According to a minister of the opposition party in the UK, artificial intelligence (AI) developers should be licensed and regulated similarly to the pharmaceutical, medical, and nuclear industries. Lucy Powell, a politician and digital spokesman for the Labour Party in the United Kingdom, told The Guardian on June 5 that companies such as OpenAI and […]
Nexo Dissolves UK Units in Major Restructuring Move
As part of a comprehensive business restructuring, the cryptocurrency lending platform Nexo has announced the dissolution of its UK-based entities. This move aims to optimize its services and position the company for future development in the DeFi market. The company announced the decision on May 11, citing its intention to streamline its operations and expand […]
UK Government Announces New Strategy to Targets Fraudsters
The UK government will prohibit telemarketing calls for financial products, including insurance and cryptocurrencies, to combat fraud. It also plans to introduce laws to reimburse victims of authorized crypto fraud and work with Ofcom to prevent phone number “spoofing.“ The government of the United Kingdom announced its new fraud strategy and pledged 400 new positions […]
A16z Crypto Urges UK to Avoid US-Style Crypto Regulation
A16z Crypto has written a letter to the UK Treasury, warning against adopting a “one-size-fits-all” approach to crypto regulation based on the Howey Test. A16z Crypto: The United Kingdom Must Take a Nuanced Approach to Crypto Policy The United States needs to catch up in digital asset policy. Industry players hope the United Kingdom will […]