The exchange has obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services.
To comply with the UK's recent implementation of the 'Travel Rule', crypto-exchange Gemini will limit the inbound and outbound transfers of UK-based users.
The exchange has obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services.
To comply with the UK's recent implementation of the 'Travel Rule', crypto-exchange Gemini will limit the inbound and outbound transfers of UK-based users.
The U.K. regulators have been busy publishing more detailed plans for the country’s upcoming stablecoin regulation, following last week’s Treasury announcement of which entities would be responsible for various aspects.
The Monetary Authority of Singapore’s real-world asset tokenization and DeFi initiative now counts the U.K. Financial Conduct Authority, Financial Services Agency of Japan, and Swiss Financial Market Supervisory Authority as partners.
In legislation planned to go to parliament in 2024, fiat-backed stablecoins will be regulated for use in payment chains, although decentralized and algorithmic stablecoins will remain unregulated until the second phase of government plans.
Good news: euro payments, deposits and withdrawals have been restored. Bad news: the Head of Binance U.K. has now left the building, Visa and Mastercard have terminated their Binance Card partnerships.
Binance.US has updated its Terms of Use to remove support for USD deposits and withdrawals. Meanwhile the global exchange has stopped accepting new users in the U.K.
