From rugs to riches: UK carpet retailer to adopt Bitcoin Standard
With inflation running high and sluggish UK banking interest rates, small businesses in the United Kingdom are turning to novel solutions to save money.
With inflation running high and sluggish UK banking interest rates, small businesses in the United Kingdom are turning to novel solutions to save money.
Ripple applied for a registration as a crypto asset firm with the United Kingdom's Financial Conduct Authority (FCA) after its partial win against the U.S. SEC.
The decision reverses a prior ruling, allowing Craig Wright to appeal a lawsuit claiming copyright to the Bitcoin whitepaper and database.
According to the FCA, the sandbox will be open to businesses, startups and data providers, including those involved in banking, investment, lending and payments.
The government added that they are already working on regulating the crypto market and a proposed regulatory legislation was laid before parliament and debated last month.
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?
Several members of the House of Lords voiced concerns around children's online activities in legislation aimed at regulating “anything communicated by means of an internet service”.
Gemini Staking Pro allows institutions in the U.K. to become Ethereum validators by locking up at least 32 ETH, worth about $60,000 at the time of writing.
Binance has drawn attention for using a small building as its registered office in the UK, but tech firms have used a similar trick for years.
Following a third reading in the House of Lords, the Financial Services and Markets Bill will return to the lower house of the U.K. Parliament for members to consider any…