The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union. ECB Studies Potential Issuance of Central Bank Digital Currency In…
The number of complaints relating to crypto assets received by the U.K.’s Financial Conduct Authority (FCA) has risen sharply during the 2018 bear market. FCA Currently Investigating 50 Cryptocurrency Firms People rarely call foul play during a bull market. When the charts are all green, who really cares if a project FOMO’d into last November…
London’s Metropolitan Police say they have seized a record £180m of cryptocurrency, which they believe has links to international money laundering.The seizure is the largest of its kind seen in the UK, beating the last record set on 24 June when the Met confiscated £114m of cryptocurrency.A woman, who was arrested on suspicion of money…
For many years, the crypto exchange market of Europe has lagged behind the US, Japan, and South Korea in terms of infrastructure, regulation, security, and liquidity. According to FT, two sources close to Gemini have stated that the major US-based crypto exchange has hired advisers to consult the company in the process of expanding into…
Bitcoin has been involved in some pretty brazen efforts to scam people out of money. However, the latest might just be the most ludicrous. A fake letter, apparently from the desk of a member of the Queen of England’s staff, has been reported. In it, her royal highness appeals to the reader to donate Bitcoin…
U.K.: Crypto-assets are legally equivalent to property, clearing the way for businesses to use digital currencies backed by blockchain technology, a high-powered group of legal experts chaired by a senior member of the judiciary reported today. The panel urged commercial lawyers to prepare for the disruptive impact of digital coins and associated technologies on the…
A scammer who sold people’s personal details on the dark web has been ordered to forfeit $1.12 million worth of Bitcoin. Grant West, also known as “Courvoisier “, gathered sensitive information about individuals using a phishing scam targeting a popular online takeaway ordering service and other well-known British retailers. The investigation and subsequent confiscation is…
Rumours are circulating that the main Bitcoin SV (BSV) proponent Craig Wright has been in private talks with members of the UK’s House of Lords. An nChain executive said Wright spoke for the senior British politicians yesterday.Osmin Callis claims that Wright used the opportunity to explain Bitcoin SV’s benefits to the senior legislative house. Those…
Barclays clients in the UK can no longer transfer funds to Binance after the bank indefinitely banned credit and debit card transactions to the exchange, according to recent reports. The apparent ban comes roughly two weeks after the UK’s Financial Conduct Authority (FCA) stated that Binance Markets Limited, the firm’s UK operations, was not holding…
Britain’s Financial Conduct Authority (FCA) has stated that Binance, one of the world’s largest cryptocurrency exchanges, is not permitted to undertake any regulated activity in the UK.The watchdog said in a statement that Binance, which is part of the wider Binance Group, cannot undertake any regulated activities without the prior written consent of the FCA.“The…