FCA to ban the sale of crypto-derivatives to retail customers
UK regulator aims to clamp down on products “ill-suited” to the public.
UK regulator aims to clamp down on products “ill-suited” to the public.
Some 113,300 personal digital wallets have been opened.
UK customers can now make GBP deposits to fund their Gemini account.
FinTech Futures’ weekly news round-up.
“What was striking is the increase of such businesses set up outside London and by women.”
The US regulator issues clarification for FIs dealing with crypto.
EU regulations should be based on “core principles” rather than “technology”.
A switch in tactic from Mastercard, which wasn’t always in favour of CBDCs.
Mode anticipates a valuation of around £40 million.
Ziglu insures digital assets against cyberattacks.
Stablecoin Tether has accounted for 93% of stablecoin usage across East Asia in recent years.
Mode is one of R8’s two entities.
JP Morgan has also made an undisclosed strategic investment in ConsenSys.
Popular cryptocurrency exchange boosts its monitoring.
More than 400 million people are able to trial the digital system.
Lithuanian central bank wants a more unified approach to innovation in the EU.
The partnership will perform technical research related to a central bank digital currency (CBDC).
The South Korean bank expects artwork and real estate to be traced via blockchain in future.
The new division will cover all financial endeavours by the company.
An old-school banker takes a digital currency role at Goldman.
It would operate under Russia’s new cryptocurrency law.
Last year, the sandbox recieved a record 99 applications.
US banks and federal savings associations can offer cryptocurrency custodial services.
The bank says it will begin work in the “coming days”.
Investor Standard Chartered says “digital assets are here to stay”.
The hacked accounts have tens of millions of users.
In December 2019, the digital challenger landed a specialised bank licence.
Some 4,000 digital LBCOINs will go on sale via the bank’s e-shop from 23 July.
On 23 June, the court “wound up” GPay “in the public interest”.
India has seen a spike in crypto investing in the last months.
DFS announces batch of changes amid MOU with New York university.
It is understood the services will offer “a built-in wallet functionality” so you can store crypto.
But the regulator is not considering a national bank charter for fintechs.
The bank is working with Billon to build its own tokenisation platform.
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Bitcoin reclaimed its $10,000 territory on Monday.
The tax problems with this proposal identified in our client briefing on Libra 1.0 remain unresolved.
“No such prohibition exists” for banks, says regulator.
The fintech is backed by Coldplay’s bassist Guy Berryman.
The bank hopes the test will pave the way for a more simplified market infrastructure.