Fintech unicorn Revolut to increase the workforce by 20% in its crypto team

    British-based fintech company Revolut plans to expand its staff by 20% across different regions, including the UK, US, and Europe. The company plans to add these new employees to its crypto team over the next six months. Revolut is hiring employees across various positions, including crypto legal experts, software engineers, crime prevention experts, and financial…

    UK’s financial regulator issues termination order for Bitcoin ATMs

    Britain’s Financial Conduct Authority (FCA) has warned operators of crypto ATMs in the UK to shut down their machines, claiming it illegal. The financial watchdog says that it hasn’t granted any of the crypto firms registered with it the permission to operate ATM services. Government regulators are concerned about money laundering using crypto ATMs. The…

    UK regulator warned that over-extending regulating could backfire

    Charles Randell, chair of the FCA and Payments Systems Regulator, warned in a new piece written for the Cambridge International Symposium on Economic Crime that over-extending the reach of regulators could backfire in the case of some cryptocurrency tokens. The chair of the United Kingdom’s Financial Conduct Authority (FCA) said that there is currently a…

    PayPal launches crypto services in the UK

    PayPal announced the launch of crypto services through its platform to its millions of users in the UK as the country becomes just the second country after the US that PayPal has decided to launch the crypto services in. The US online payments giant said Monday it would let British customers buy, hold and sell…

    The U.K. Police confiscate record $250 million worth of crypto in London

    The British police confiscated £180 million or about $250 million worth of digital assets as part of a thorough investigation for money laundering. The operation was marked as the largest seizure ever executed in the United Kingdom. That’s a record for the Metropolitan Police service, which oversees law enforcement for the Greater London area, breaking…

    U.K. regulator bars crypto exchange Binance from operating in Britain

    Britain’s financial regulator has ordered Binance Markets Ltd., one of the world’s largest cryptocurrency exchanges, to stop conducting any regulated activity in the U.K. by June 30. But as the exchange pulled its application for the assets register, it will be unable to offer unregulated services too. It appears one of the most significant regulator’s…