Fun

News Feed - 2023-07-23 03:07:56

Ana Paula Pereira5 hours agoRipple applies for crypto license in the United KingdomRipple applied for a registration as a crypto asset firm with the United Kingdom"s Financial Conduct Authority (FCA) after its partial win against the U.S. SEC.4445 Total views45 Total sharesListen to article 0:00NewsJoin us on social networksPayment protocol Ripple has recently applied for a registration as a crypto asset firm with the United Kingdom"s Financial Conduct Authority (FCA), a spokesperson for the firm told Cointelegraph. The company is also seeking a payments license in Ireland as part of its massive investment in the region.


The registration was submitted after Ripple"s partial win against the United States Securities and Exchange Commission over the classification of its XRP (XRP) token as a security. The decision, viewed as a win by Ripple and the broader crypto community, considered the XRP token to be a security when sold to institutional investors, but not to retail investors. The caseis still open to appeal by the SEC.XRP is not a security.

This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S.

A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.— Ripple (@Ripple) July 13, 2023


More crypto firms are looking to the United Kingdom for regulatory clarity and a supportive business environment amid a wave of enforcement actions carried out by the SEC in the United States.


Recently, venture capital firm Andreessen Horowitz (A16z)announced its first new office outside the U.S. in London, following “months of constructive conversations” with policymakers and the FCA, and citing a “predictable business environment” as a key reason for expanding overseas.


Several legislations have been introduced in the British parliament aimed at setting up a crypto-regulated environment in the U.K. In June, a billbringing cryptocurrencies under the same rules applied to traditional assets was signed into law after receiving King Charles’ royal assent. The new law gives the Treasury, Financial Conduct Authority (FCA), Bank of England and Payments Systems Regulator authority to introduce and enforce regulations for crypto businesses.


In another recent development, lawmakers in the upper house discussed drafts of a legislation seeking to expand authorities’ ability to target cryptocurrencies used for illicit purposes. The bill includes provisions for authoritiesto have greater flexibility in confiscating and recovering crypto assets.


Magazine: Crypto regulation — Does SEC Chair Gary Gensler have the final say?# Business# Ripple# XRP# United States# United Kingdom# RegulationAdd reactionAdd reactionRelated NewsWhat is NFT rarity, and how to calculate it?AI opens doors for NFT artist Ellie Pritts at bitforms gallery in NYCUS law protects institutions and exposes retail investors — Rep. TorresSEC could be waiting ‘years’ to file appeal in Ripple case — Brad GarlinghouseUS ‘dominates’ crypto startup funding in Q2: ReportRipple decision is ‘troublesome on multiple fronts,’ says former SEC official

News Feed

Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition
Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition Gocrypto enables businesses with physical or online stores to accept instant crypto pa
China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review
China and Taiwan"s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review From ominous speculation about the potential
Gareth Jenkinson9 hours agoVisa taps into Solana to widen USDC payment capabilityThe global payments firm has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain.2929 Tota
Jesse Coghlan1 hour agoMeta Q2 earnings: Reality Labs losses top $7.7B year to dateMeanwhile, Meta"s metaverse-building business has racked up around $21 billion in losses since the start of 2022.250 Total views14 Total
Ethereum Price Dump: Is Donald Trump’s World Liberty Finance Behind The Crash To $1,400?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC). The messaging platform filed a response to the securities regulator Wednesday, writing that the S
Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary
Wirecard: Crypto Card Users" Funds Locked as UK Regulator Suspends SubsidiaryUK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a
Fartcoin ‘Hot Air’ Rises — $1.50 Just A Whiff Away
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Gareth Jenkinson9 hours agoTether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury billsTether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion
Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World
Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies
US Economy at Risk of Crash Landing, Allianz Warns
US Economy at Risk of Crash Landing, Allianz Warns Allianz, one of the world’s largest insurers, has warned that the U.S. economy is headed toward a crash landing. “We expect t