UK
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed British pounds 2.6 million ($3.4 million) in crypto transactions across various locations.
Crypto Retail Market Is Poised for a Rebound: Gemini
Adoption of digital assets has remained steady in the U.S. and the U.K. in recent years, despite significant headwinds, a survey by the crypto platform showed.
U.S. Added 142K Jobs in August; UK Crypto Companies Struggle With Licensing
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the U.S. job growth returns slightly less than expectations in August. CORRECTION: An earlier version of this story incorrectly said Telegram had changed its policy for private chats to permit moderators to police them. According to Telegram, there has been no change; moderators were already able to review private chats if a member of that chat requested that.
UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
The FCA approved only four of the 35 applications it received in the year ended March 31.
UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October
The FCA's actions have led to the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator's director of consumer investments, said in an interview.
Lloyd’s of London-Backed Insurance Policies Can Now Be Paid for in Crypto on Ethereum
Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies.
Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls
Despite restrictions in place, CBPL onboarded 13,416 high-risk customers for e-money services, the Financial Conduct Authority said.
Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ
Revolut has been in talks with investment firm Greenoaks over the sale, which would pave the way for a potential IPO
Craig Wright Referred to UK Prosecutors for Consideration of Perjury Charges
Judge James Mellor also approved injunctions that prevent Wright from taking others to court again under the guise he is Satoshi Nakamoto.
DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says
The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being.
