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Kraken Starts Requiring Info on Self-Custody Crypto Wallet Ownership in the UK

Kraken Starts Requiring Info on Self-Custody Crypto Wallet Ownership in the UKKraken, a U.S.-based cryptocurrency exchange, has started requiring additional information in the U.K. regarding transactions of self-custody wallets made to and from its accounts. Kraken sent an email to some of its U.K. customers, stating that if the information required was not provided, it could result in an account lock until the required data is […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Study Reveals Top Countries Fueling Meme Coin Interest in 2023

Study Reveals Top Countries Fueling Meme Coin Interest in 2023In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and the U.K., encompassing over half of the top ten countries’ interest driving […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion

BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid ExpansionBRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to the global GDP, while the G7 provides 30.7%. BRICS Countries […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout GrowThe U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Card Program Reach to Over 40 Countries

UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Card Program Reach to Over 40 CountriesWirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership means that Wirex will be able to offer its crypto card services to APAC and U.K. markets. Wirex Partners With Visa […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches ConsultationThe U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like traditional finance. British Government Sets Out to Regulate Crypto Market, Remains Committed […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective

UK Treasury Considers Digital Pound, Maintains Crypto Hub ObjectiveThe U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto ‘Can Be High Risk’

Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto ‘Can Be High Risk’On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

British Fintech Revolut Granted Crypto License in Cyprus

British Fintech Revolut Granted Crypto License in CyprusU.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services for Europeans From Cyprus A leader in the neobank […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years