Cryptocurrency News Today TheBitTimes.com

In what is a monumental moment for the cryptocurrency exchange, Coinbase has officially received regulatory approval to launch crypto services in the UK. Indeed, the platform announced it has been granted a Virtual Asset Service Provider (VASP) registration in the United Kingdom. The move makes Coinbase a registered firm in the region, allowing it to offer both cryptocurrencies and cast to investors. Moreover, the UK’s Financial Conduct Authority (FCA) has proven to be strict with its registration. To this point, only 145 of the applicants have succeeded, in which Coinbase is one of them. JUST IN: Coinbase receives regulatory approval to launch crypto services in United Kingdom. — Watcher.Guru (@WatcherGuru) February 3, 2025 Also Read: Coinbase Launches Bitcoin Loans for US Users Coinbase Gets VASP Registration in the UK It has certainly been a busy few weeks for cryptocurrency exchange Coinbase. The platform had brought back its Bitcoin loans for customers in the United States. ...

Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8. The exchange’s announcement comes ahead of the effective date for new FCA rules for crypto firms. Bybit has notified its customers that it will suspend its services in the UK next month as it looks to align operations with new regulatory requirements. According to the Crypto exchange , the decision is “ in light of the UK Financial Conduct Authority’s introduction of new rules regarding marketing and communications by crypto businesses as outlined in the June 2023 Policy Statement (PS23/6) entitled “Financial Promotion Rules for Crypto assets .” The suspension will allow the exchange to focus resources on meeting the new regulation, Bybit said in the announcement. No new customer registrations beginning October 1 No new registrations will be allowed as from October 1, while services to existing ...