FINS08

The first UK crypto regulation to set ‘robust’ standards

LONDON, Jan 31 (Reuters) – Britain’s Treasury is planning “tough” regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions nursing billions of dollars in losses. Crypto is currently unregulated globally, and companies only have to carry out checks to prevent money laundering. However, the UK’s Financial Conduct Authority …

The first UK crypto regulation to set ‘robust’ standards Read More »

Crypto lender Celsius backed its token, benefiting insiders – the US bankruptcy examiner

SINGAPORE/LONDON, Jan 31 (Reuters) – Bankrupt crypto lender Celsius Network used investor money and customer deposits to back its own token, inflating its balance sheet while two of its founders cashed in millions, a report issued by a U.S. court investigator said. . Tuesday showed. Crypto lenders like Celsius have boomed during the COVID-19 pandemic, …

Crypto lender Celsius backed its token, benefiting insiders – the US bankruptcy examiner Read More »