Coinbase’s partnership with Barclays allowed British clients to use Coinbase extensively. The end of this partnership could also potentially end Coinbase users’ access to the UK “Faster Payments Scheme” (FPS).
Robinhood, the stock trading app, has been approved by the U.K. regulatory instances to operate as a broker. This is a part of the company’s plans to set up a shop in London.
Prime Factor Capital, “an asset manager that specialises in cryptocurrencies,” has been licensed by the Financial Conduct Authority (FCA), the region’s financial regulator, to operate as an Alternative Investment Fund Manager (AIFM).
The unfolding year is said to bring many changes to cryptos and an intense regulation framework is going to be one of them according to Coinbase’s lead counsel in the UK.
Citing the huge losses incurred by crypto investors amidst this year’s market crash, the Allianz chief asked the global regulator to take strict action against crypto assets.
On August 21st, digital money platform was granted a UK Financial Conduct Authority e-money licence, which means that Wirex is trustworthy and committed to maintaining high compliance standards in its business operations.