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Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled … Read more
Bitcoin’s price correction is driven by a weakening global economy, conflict in the Middle East, and concerns over an AI bubble. Go to Source
Telegram users in the United States are also restricted from using the platform’s in-app wallet due to financial regulations. Go to Source
Trade group UK Finance hailed experiments on the Regulated Liability Network as a success but called for further talks with regulators to develop the system. Go to Source
A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business … Read more
The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook. Go to Source
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering … Read more
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration. Go to Source
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto … Read more
UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in … Read more
