United Kingdom

Could Russia lead Eastern Europe’s crypto boom?

Not unlike many other jurisdictions around the world, Russia has come to recognize the potential benefits and risks flowing from cryptocurrencies by taking its first step to define and codify digital assets. The new Russian legislation dubbed “On Digital Financial Assets” sets a clear direction for the treatment of cryptocurrencies by authorities and how both …

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Bitcoin could help to obtain financial services, making them more accessible

The price of Bitcoin (BTC) has recently shot up after months of stability. In April and May, trading prices came in between the narrow range of $9,000 and $10,000, with realized volatility falling to its lowest in three years by mid-July.  The speculation behind the price move has come amid economic uncertainty brought about by …

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Binance.UK joins self-regulating trade group CryptoUK as Exec Member

Binance.UK is joining the self-regulating industry association CryptoUK as an executive member. The exchange will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association’s strategic direction, and working with government policy makers to develop a regulatory framework for digital assets in the United Kingdom. CryptoUK was formed in early 2018 and promotes …

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UK FCA wants to include crypto firms in financial crime reporting rules

Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements. In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime reporting obligations to include all crypto asset exchange and custodian wallet providers. The regulator says that by extending its reporting rules …

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UK Financial Watchdog Grants Licenses to Archax and Gemini

The UK’s Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges operating in the country: digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini exchange. According to the Financial Conduct Authority (FCA) website, both Archax and Gemini Europe Services are currently registered in the U.K. as crypto asset firms …

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Police use of facial recognition violates human rights, UK court rules

Enlarge / A close-up of a police facial recognition camera in use at the Cardiff City Stadium on January 12, 2020 in Cardiff, Wales. Police used the technology to identify individuals who were issued with football banning orders in an attempt to prevent disorder. Critics argued that the use of such technology is invasive and …

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Sheep Farmer’s Alleged Baby Food-Based Bitcoin Extortion Attempt Thwarted

A resident from Lincolnshire, United Kingdom, was accused by local authorities of attempting to blackmail the supermarket chain, Tesco. According to The Yorkshire Post, Nigel Wright, a sheep farmer, allegedly wrote Tesco a series of letters claiming that he had planted contaminated baby food in their supermarket stores. He then allegedly offered to reveal the …

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AMFEIX Threatens Users Who Share Coverage That Criticizes the Company

Last week Cointelegraph published a story about investors having difficulty getting their money back from a crypto fund called AMFEIX, which promised high-yield profits for investors who sent them Bitcoin (BTC). Our story described more than 500 pending withdrawals from users trying to get their money back, and AMFEIX’s unsatisfactory communication with those users. The …

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AMFEIX Investors Raise Concerns About Massive Pending Withdrawal Requests

A number of people who invested in a cryptocurrency company are claiming that the company is scamming its users. The fund in question is called AMFEIX, which promised high-yield monthly returns to its users and supposedly raised more than $60 million in Bitcoin (BTC). At the end of June, Cointelegraph began receiving emails from AMFEIX …

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