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Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans to make instant cross-border payments using the Eurozone’s common fiat currency, the euro, as well as bitcoin (BTC). The startup, which launched its service in the U.K. earlier this year, promises to process these transactions at a low cost. It announced its upcoming European expansion…

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21shares to Launch Bitcoin ETP for Institutional Investors in the UK

Switzerland-based 21shares announced it’s going to offer its crypto exchange-traded product (ETP) to institutional investors in Britain. The platform said the aim is to provide U.K. investors with exposure to bitcoin without the need to deal with crypto custody and security. New Bitcoin ETP to Be Offered on London-Based Aquis Exchange The 21shares bitcoin ETP (ABTC) will be made available through a partnership with GHCO, a leading market maker and liquidity provider that specializes in exchange-traded funds (ETFs). It will be listed on Aquis Exchange, a multilateral trading platform based in London and Paris. The exchange facilitates stock trading across…

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UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules

Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced Thursday it’s extending the end date of the Temporary Registrations Regime (TRR) for crypto businesses to March 31, 2022. The regulatory body pointed out that a “significantly high number” of companies are not meeting current anti-money laundering (AML) requirements which have resulted in “an unprecedented…

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Luno Forced To Remove Bitcoin Ads In U.K.

British regulators have forced bitcoin exchange Luno to take down ads recommending bitcoin purchases. A creative advertising slogan curated by Luno, a United Kingdom-based bitcoin exchange, has been banned by the U.K.’s Advertising Standard Authority (ASA), according to a recent report from CNBC. Posters displayed across the London Underground network and on London buses prominently stated slogans like, “If you’re seeing bitcoin on the underground it’s time to buy.” The ASA quickly demanded that the ads be taken down, declaring that the campaign failed to highlight the risks associated with investing in bitcoin. The ASA declared that Luno must ensure…

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Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’

Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains Sceptical About Cryptos “Crypto-assets,” as the central bank’s official labels bitcoin and the rest, present a danger to the public, Bailey told the British Parliament’s Treasury Committee. The Governor’s statement on Monday reiterates his long-standing concern about decentralized digital currencies, Reuters noted in a report. Addressing the committee members, the head of Bank of England said: I’m…

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Richard Branson Found to Be Crypto Scammers’ Favorite Brit Celebrity

Famed entrepreneur Richard Branson is often featured in fake articles sent out by various investment schemes, many of which are related to cryptocurrency, U.K.’s National Cyber Security Centre (NCSC) revealed in a report. The agency, which has blocked over 285,000 such campaigns in only nine months, says it’s dealing with a global problem. Shady Sites Lure Investors With Fake Endorsements From Richard Branson The fake news articles appear as if they come from well-known publications. The scammers spread them through mass email campaigns, text messages, or ads on social media platforms in Britain and abroad. They are linked to websites…

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Another UK bank serves anti-crypto notice to customers

U.K. commercial bank NatWest says it does not want to do business with clients and customers who deal in crypto. Corporate clients of NatWest may soon lose their banking relationship with the United Kingdom-based lender amid recent negative cryptocurrency-related policy statements. According to a report by The Guardian, Morten Friis, the head of the bank’s risk committee, has revealed that NatWest will refuse service to business customers that accept cryptocurrency payments. Friis made the bank’s position known during Wednesday’s shareholder event, stating: “We have no appetite for dealing with customers, whether taking them on as new clients or having an…

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U.K. Treasury Moves to Bring Crypto-Related Ads Under the FCA’s Oversight

The love-hate relationship between the cryptocurrency space and the United Kingdom continues, as the government now sets its sights on ads in the industry. Earlier this week, the U.K. Treasury Department issued a set of new proposals, hoping to bring ads in the crypto space under the jurisdiction of financial regulators. Improved Clarity for Consumer Protection If approved, the proposals will give the U.K.’s Financial Conduct Authority (FCA) oversight of ads for specific cryptocurrency types. Speaking on their impact, John Glen, the U.K.’s Economic Secretary to the Treasury and City Minister, explained that it would curb the proliferation of false and…

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