Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information on how they control their clients' transactions.
Problems…
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UK takes action against cryptocurrency ATMs
UK regulators are cracking down on cryptocurrency ATMs across the country, in a bid to prevent fraud and protect consumers. ATMs allow users to buy and sell digital currencies for cash.
However, the Financial Conduct Authority (FCA)…
Regulations in the UK would affect cryptocurrency companies
The UK Financial Conduct Authority has proposed a new financial promotion regime for cryptocurrency companies operating within and outside the region. If approved, executives of these companies could face up to two years in prison for…
England will honor J.R.R. Tolkien
The British Mint announced that starting next year, a coin honoring the writer J.R.R. Tolkien, creator of The Lord of the Rings, will be available.
On the occasion of celebrating the life and work of the Englishman, the organization…
UK cryptocurrency scams up 32 %
Cryptocurrency scams in the UK have increased this year by 32 % according to a study by the country's Police Fraud Unit.
The estimate in thefts and other cryptographic frauds in 2022 amounts to 273 million dollars. The main reason to hook…
UK investigates Google and Apple
The UK Competition and Markets Authority (CMA) has launched an investigation into a possible duopoly of mobile browsers operated by Apple and Google.
This analysis is based on a publication made in June and in which a Mobile Ecosystem…
Impact of Brexit on UK inflation
The Brexit balances the financial scenario of the United Kingdom once again due to its effects, according to the Bank of England, in the accelerated increase in inflation.
According to recent estimates by Swati Dhingra, a member of the…
UK inflation rises to 11.1 %
The year-on-year inflation rate in the United Kingdom stood at 11.1 % last October, compared to 10.1 % registered in September, which represents the largest increase in prices since 1981, as reported by the British National Statistics…
United Kingdom studies to eliminate the use of fax
The United Kingdom analyzes the elimination of the law that keeps the use of the fax alive in the country. Opinions will be heard until December of this year, but the odds point to an elimination at the beginning of 2023.
Given the…
The UK already has a new Prime Minister
Former British Finance Minister Rishi Sunak finally became Liz Truss's successor as Tory leader on Monday after an intense week of what has been described by many as political "chaos" within the Conservative Party.
The deputy for the…
British opposition demands call for elections
The leader of the British opposition, Keir Starmer, once again called for general elections to be called "immediately" after the resignation of the Prime Minister, Liz Truss, after a month and a half at the head of the Government and in the…
Nigeria tops the list of countries most interested in crypto
Cryptocurrency price tracker CoinGecko conducted a research where it examined data pulled from Google regarding the popularity of cryptocurrencies in countries around the world.
According to these data, it was determined that Nigeria is…