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The Bitcoin Bulls are bashful, instead of a CBDC -The United Kingdom confirms plans to regulate stablecoins and The Luna Foundation Guard looks to compensate their smallest holders. My name is Ben. This is your nightly crypto news wrap up. Let’s get it! In Bullfighting, when a bull sees red, it violently charges forward with… Read More

Report: U.S. Biden Administration Will Use Five Eyes Intelligence Alliance Dealing With Ransomware

According to a report by CNN, the White House is in the process of finalizing its strategy for handling ransomware pertaining to crypto digital assets. The U.S. plan involves working with countries that are a part of the Five Eyes surveillance group, members consisting of — Australia, Canada, New Zealand, the United Kingdom, and the… Read More

Binance Is Being Targeted Global By Regulators; Rolls Out CipherTrace Traveler For Compliance With Travel Rules

The day has finally come where Binance is being targeted by several countries’ regulators for operating an exchange without proper oversight in their eyes, which allows money laundering and illegal futures trading. Binance has recently been put under scrutiny by the U.S., UK, Singapore, Thailand, Canada, Japan, India, and now they can add the Cayman… Read More

UK Treasury To Publish Draft Regulation On Stablecoins And CBDCs

The Treasury Department of the United Kingdom (UK) under Chancellor of the Exchequer Rishi Sunak has stated that stablecoins and central bank digital currencies (CBDCs) have the attention of the U.K and regulators are currently drafting up impending regulations. In a statement issued Monday, the U.K. Treasury said it would put forward proposals for regulating “relevant stablecoin… Read More

UK Fintech Firm Ziglu Introduces P2P Payment Services

A fresh face in the cryptocurrency industry – Ziglu – just rolled out its peer-to-peer (P2P) payment platform. The new service targets both fiat money and cryptocurrency, according to a recent announcement. This news came after Ziglu got a UK Financial Conduct Authority’s (FCA) Electronic Money Institution licence, and a Fifth Money Laundering Directive (5MLD)… Read More

Binance Partners with Clear Junction to Enable Bank Transfers via SEPA and FPS

Leading cryptocurrency exchange Binance recently launched a UK platform in order to expand its services in Europe. Clear Junction will help with payment solutions. The exchange has added direct fund transfers by using SEPA for euro and Faster Payments for British pounds. The new tools ensure fast fiat deposits and withdrawals for Euros and GBP…. Read More

Binance to Allow Clients to Buy Bitcoin with British Pounds (GBP)

After announcing the launch of a UK platform a couple of days ago, the leading cryptocurrency exchange Binance has added pairings for the GBP on its main exchange. The exchange has been working to make cryptos more accessible to people, and now the GBP market can access tokens directly. The listing of the following pairings… Read More

Binance to Launch UK Trading Platform with Fiat Onboarding in GBP and EUR

Binance, one of the major cryptocurrency exchanges in the world, has announced the launch of its UK Platform. The new platform will be registered with the UK Financial Conduct Authority and allows both retail and institutional investors to trade with GBP and EUR. If you are interested in Binance, please click here. This link will… Read More

$1M USD of Bitcoin Ordered Frozen in Ransomware Case

A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) holdings after a ransomware attack on a Canadian insurance company. A proprietary injunction prevents a person from dealing with their assets when it is subject to the claim. UK High Court released documents that pertain to a ransomware attack, the documents were made… Read More

United Kingdom Announces Crypto Taxation Guidance

The United Kingdom has issued the cryptocurrency taxation guidance, adding clauses for businesses that work with crypto on Friday last week. The UK’s tax agency, the HMRC (HM Revenue and Customs) had declared that crypto generally does not consider cryptocurrencies such as bitcoin to be either currency or “stock or marketable securities,” which means that… Read More

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