The time it takes to register a firm depends on the quality of the information provided to the Financial Conduct Authority, the regulator told CoinDesk.
Mashinsky resigned as CEO last Tuesday; the company filed for chapter 11 bankruptcy protection in mid July.
The regulatory body tasked with overseeing Celsius’ bankruptcy proceedings has asked a New York judge to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the actions impulsive and premature.
Adam Todd, the founder of crypto futures and spot market exchange Digitex, has been charged by the Commodity Futures Trading Commission (CFTC) for multiple violations of the Commodity Exchange Act (CEA).
“We want our 100 million customers to know that we really take their money and their data seriously,” he said in an interview with CoinDesk.
The country sees the tokens as a way to boost its economy.
The U.K. government is still set on turning the country into a crypto hub despite the recent cabinet shuffle and new prime minister.
Excerpted from Survival of the Richest: Escape Fantasies of the Tech Billionaires
A handful of lawmakers are forming new policies, bypassing the usual lengthier route.