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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: UK

Hullcoin Plans to Launch Cryptocurrency Tied to Local Community “Currency”

Category: Altcoins, Finance, News

Hullcoin Plans to Launch Cryptocurrency Tied to Local Community “Currency”

Kaini Industries, the company behind Hullcoin, has revealed plans to develop a new cryptocurrency that will be linked to the Hull’s community voucher Hullcoin through the use of smart contract technology. Launched in 2014, Hullcoin is described as the “world’s first community loyalty point.” The token has no intrinsic value but can be used to redeem vouchers and discounts in…

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Over One Third of Startups in Second Cohort of FCA’s Fintech Sandbox Are Building Blockchain Solutions

Category: Blockchain, Business, News, Regulation

Over One Third of Startups in Second Cohort of FCA’s Fintech Sandbox Are Building Blockchain Solutions

The UK’s financial regulator, the Financial Conduct Authority (FCA), has announced the second cohort of its fintech sandbox on June 15. Out of the 24 startups joining this year’s cohort, nine are developing solutions using blockchain technology, which is a testament to the potential that the FCA sees for this new technology to play a major role in the financial…

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Could Brexit Force Further Fintech and Cryptocurrency Innovation in the UK?

Category: Altcoins, Bitcoin, Business, News, Regulation

Could Brexit Force Further Fintech and Cryptocurrency Innovation in the UK?

The United Kingdom has relied on its financial services industry to drive economic growth for decades. However, in light of the British population’s vote to leave the European Union and, thereby, potentially lose the access to the European Single Market, the UK’s status as Europe’s leading financial hub may wane. Is this for better or for worse regarding the crypto…

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Polish Startup Billon Completes Distributed Ledger Payments in the UK

Category: Blockchain, Business, Finance, News

Polish Startup Billon Completes Distributed Ledger Payments in the UK

E-money transfer startup Billon has successfully completed a trial of a corporate payment system in cooperation with consumer research firm Conduct Research in the UK, announced March 27. The trial run involved Conduct Research using Billon’s e-payments technology to transfer funds via mobile phones to 100 participants who were able to transfer the funds to their bank accounts, use them…

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Are British Banks Restricting Bitcoin Adoption?

Category: Bitcoin, Commentary, Finance, News

Are British Banks Restricting Bitcoin Adoption?

Cryptopay, a successful Bitcoin brokerage with more than 200,000 active users worldwide, has exited the UK market due to pressures of a banking policy update on February 1, 2017, that prevents British Sterling (GBP) deposits and withdrawals. Cryptopay, the Latest Casualty in the UK’s Bitcoin Ecosystem Ever since bitcoin has come into existence users have been faced with the difficulties…

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Blockchain Startup Tramonex Receives FCA Approval to Issue Cryptocurrency

Category: Finance, News, Regulation, Tech

Blockchain Startup Tramonex Receives FCA Approval to Issue Cryptocurrency

The London-based FinTech startup Tramonex Labs, which focuses on international payments for SMEs has been granted a Small Electronic Money Institution License by the UK’s financial regulator, the Financial Conduct Authority (FCA). Tramonex’s approval marks the first time that a FinTech startup has obtained permission to issue a digital currency. Tramonex Labs has built a cash management solutions platform for…

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Blockchain Startup Colu to Launch Localized Digital Currencies in the UK

Category: Business, News, Tech

Blockchain Startup Colu to Launch Localized Digital Currencies in the UK

Tel Aviv-based cryptocurrency startup Colu announced that in December it will launch two local digital currencies, the Camden Pound, and the Liverpool Pound, in the United Kingdom. This will be achieved through a combination of the colored coins and lightning protocol concepts. These are actually not the first local digital currencies that Colu has unveiled. So far, it has launched…

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UK Financial Regulator Unveils Fintech ‘Sandbox’ Filled With Blockchain Startups

Category: Bitcoin, Business, News, Regulation

UK Financial Regulator Unveils Fintech ‘Sandbox’ Filled With Blockchain Startups

In 2014, the UK’s financial regulatory body, the Financial Conduct Authority, launched Project Innovate to provide support to innovative financial technology start-ups who are trying to launch new products and services that will benefit consumers. A major part of Project Innovate and the FCA’s approach to supporting innovation is by creating a so-called “regulatory sandbox” that allows financial technology firms…

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Scotex Hints at Developing a Blockchain-based Regulated Equity Market

Category: Finance, News, Tech

Scotex Hints at Developing a Blockchain-based Regulated Equity Market

Entire nations are starting to shift their attention toward blockchain technology as of late. Scotland, a region relatively quiet on the Bitcoin and blockchain front, may soon see the launch of a new stock exchange. Scotex, the country’s stock exchange, is looking to raise £15 million to create a blockchain-based, regulated equity market. Similar to how NASDAQ is experimenting with…

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UK Licensed ‘NetBet’ Accepts Bitcoin; Security & Money Laundering

Category: Bitcoin, Business, News

UK Licensed ‘NetBet’ Accepts Bitcoin; Security & Money Laundering

BitPay announced on October 17 that UK-licensed gambling site NetBet has officially integrated bitcoin for instantaneous deposits, allowing users to place bets on a variety of sporting events. BitPay development and compliance teams worked closely with NetBet in assisting its bitcoin integration, to ensure that the British gambling site stays completely compliant with both financial regulations on gambling and alternative…

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