UK’s Tech Bailout Could Help Blockchain Devs Weather COVID-19 Shutdown
Britain’s new “Future Fund” relief package will help tech firms, including blockchain companies like Chainvine.
The U.K. is ordering GPay to shut down on allegations that 108 clients lost £1.5 million, or $2 million, through the crypto exchange.
The Financial Conduct Authority wants six months to review and ask follow-up questions to crypto businesses applying to operate in the U.K.
Under the U.K. government's proposals, unauthorized companies would need explicit approval to legally market cryptocurrency products.
Binance U.K. will provide regulated crypto trading services for British and European investors.
The founders had used the tech to establish a rival advertising firm, but claimed they'd been "screwed out of" their company.