Tag Archives: UK

Santander follows Barclays, restricts payment to Binance

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There seems to be an organized onslaught by financial institutions and regulators against the exchange platform Binance, particularly in the UK. Santander has announced it will no longer support payments to Binance; becoming the second UK bank to restrict transfers to the crypto exchange. The bank informed customers via email …

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UK’s FCA warn consumers against unregistered crypto-asset firms

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The UK Financial Conduct Authority, on Tuesday, warned consumers against unregistered crypto asset companies domiciled in the country.  The FCA, who acts as a watchdog for UK’s financial industry, described the unlisted crypto-asset firms as “volatile” and “unregulated” claiming that they pose a serious risk to consumers. “We have a …

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FCA extends TRR deadline for crypto-asset businesses in UK

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The United Kingdom’s Financial Conduct Authority (FCA) has moved the deadline of the Temporary Registration Regime (TRR) for existing cryptoasset businesses from 9 July 2021 to 31 March 2022. According to the FCA, a large number of businesses have fallen short of the “required standards” under the Money Laundering Regulations.  …

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