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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: U.K

British Telecom Operator Ofcom to Leverage Blockchain Technology for Landline Numbers

Category: Blockchain, Business, Finance, News, Tech

British Telecom Operator Ofcom to Leverage Blockchain Technology for Landline Numbers

United Kingdom-based telecom regulator Ofcom has received 700,000 Sterling Pounds (nearly $1 million) from the Department of Business, Energy and Industrial Strategy to explore how landline numbers can be better managed using blockchain technology. Porting Issues to Disappear With Blockchain Tech According to a press release issued by the regulator, industry players will be invited to initiate blockchain pilots to…

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Cryptocurrency Exchange Gemini Eyes Move to United Kingdom

Category: Bitcoin, Business, Exchange, News, Tech

Cryptocurrency Exchange Gemini Eyes Move to United Kingdom

Tyler and Cameron Winklevoss are considering moving their New York-based cryptocurrency exchange Gemini to the U.K, reported Forbes on September 24, 2018.  Winklevoss Crypto Push While Bitcoin and the outlying constellation of cryptocurrencies have experienced a turbulent 2018, the Winklevoss twins, of Facebook fame, are maintaining a positive outlook on the future of cryptocurrencies. Their belief in crypto led them to…

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U.K. Lawmakers Believe Britain’s Cryptocurrency Market Should Be Regulated

Category: Altcoins, Bitcoin, News, Regulation

U.K. Lawmakers Believe Britain’s Cryptocurrency Market Should Be Regulated

British lawmakers mentioned on September 19, 2018, that the cryptocurrency market needs urgent regulations. The Government should take action to protect retail investors from volatile prices, technical vulnerabilities, and position U.K. to become a global leader in the cryptocurrency industry, given its position as a financial hub. Lack of Comprehensive Rules for the Crypto industry According to the Parliament’s Treasury…

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Bitcoin and Other Cryptocurrency Fraud on the Rise in Britain

Category: Altcoins, Bitcoin, News

Bitcoin and Other Cryptocurrency Fraud on the Rise in Britain

According to the Financial Conduct Authority (FCA), a British watchdog, cryptocurrency fraud is on the rise in Britain according to Reuters report on August 17, 2018. The fraudsters lure their victims with promises of instant wealth through their “investment packages.” Two and a Half Million Dollars Lost to Fraud A report released by the watchdog reveals that victims of fraud…

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U.K. Asks Banks to Scrutinize Cryptocurrency Businesses, Does Not Consider Asset Class as Criminal

Category: Bitcoin, Blockchain, News, Regulation

U.K. Asks Banks to Scrutinize Cryptocurrency Businesses, Does Not Consider Asset Class as Criminal

The CEOs of several major banks in the U.K. received a letter from the country’s Financial Conduct Authority (FCA) over the potential risks when dealing with cryptocurrencies on June 11, 2018. Cryptocurrency Firms Pose Risk to Financial Framework As per details of the letter, institutional banks and financial service firms were formally notified of the implications of dealing with cryptocurrency…

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