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Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen it’s TVL supersede the Maker Dao project. Essentially Aave is an open-source, noncustodial protocol that has allowed individuals to stake credit lines by leveraging a myriad of digital assets. After the first month of launch, Aave’s protocol TVL had over $5 million in liquidity locked…

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UK Crypto Businesses Set to Come Under FCA Financial Crime Reporting Requirement

Crypto businesses in the UK are set to come under even greater scrutiny based on new plans by regulators in the country. The Financial Conduct Authority (FCA) continues to mandate strict compliance with financial laws for all cryptocurrency activities in the UK. FCA Extends Financial Crimes Overwatch to Cryptocurrencies According to a document recently releasedRead MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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UK Regulator FCA Grants Licenses To Gemini And Archax

The UK regulator FCA has granted licenses to Archax and Gemini which makes them the first crypto exchanges to receive licenses. The remaining crypto businesses have until January 10th, 2021 to register with the watchdog as we are reading more in the crypto regulation news today. The UK regulator FCA, (Financial Conduct Authority) granted operational licenses to Gemini and Archax, two cryptocurrency exchanges based in the United Kingdom. As it was announced yesterday, the UK Archax platform was the first platform to be FCA-regulated in the country. Digital issuances from across the world will be able to trade on the…

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UK: Archax Becomes the First FCA-Regulated Digital Securities Platform

Archax, a London-based company has become the first digital securities exchange and custodian to be regulated by the U.K. regulator, the Financial Conduct Authority (FCA). Archax Obtains Various Licenses for the FCA The company made the announcement via a press release on Wednesday (August 19, 2020). According to the press release, Archax is also theRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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FCA Removes Warnings About OneCoin After Pressure From Lawyers

The UK FCA removes the warning about the OneCoin scam platform after it came under heavy pressure from the project’s lawyers as we are reading more in the upcoming cryptocurrency news. The UK financial watchdog FCA Removes the scam warning about the alleged scam crypto project OneCoin after the project hired a top law firm and reputation management company to put pressure on the FCA. Three OnCoin principles were indicted in the United States on charges that include money laundering. OneCoin’s office in Sofia, Bulgaria. Image Wikipedia The UK financial watchdog, the Financial Conduct Authority removed the warning about OneCoin…

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