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PayPal’s Unexpected UK Crypto Freeze
In response to the impending crypto travel rule, PayPal has placed a temporary hold on cryptocurrency transactions in the UK. This decision, set to last until the early months of 2024, has been influenced by the tightening grip of regulatory measures. The UK’s financial watchdog, the Financial Conduct Authority (FCA), has been at the forefront […]
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Is PayPal’s Stablecoin the beginning of legitimacy?
So firstly, what is a Stablecoin? At its core, a stablecoin is a type of cryptocurrency designed to minimise price volatility. Unlike traditional cryptocurrencies, whose values can fluctuate dramatically over short periods, stablecoins aim to maintain a stable value. They achieve this stability by pegging their value to a reserve of assets, often traditional currencies like […]
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U.S. Federal Reserve Enhances Oversight on Crypto Activities in Banks
The finance sector has seen a surge in the adoption and integration of digital assets and blockchain technology. As these innovations continue to reshape the financial landscape, regulatory bodies are taking steps to ensure that the integration of these technologies into the banking sector is both safe and sound. One such regulatory body, the U.S. […]
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Is Crypto Trading Gambling?
The UK’s HM Treasury has recently addressed the controversial proposal to regulate cryptoasset trading as gambling. The House of Commons Treasury Committee cited high volatility and ‘lack of intrinsic value’ in cryptoassets like Bitcoin and Ether. However, HM Treasury has firmly rejected this call. The Proposal and HM Treasury’s Response In May 2023, the Treasury […]
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SolutionsHub Wins Blockchain Gambling Company of the Year
Douglas, Isle of Man – 28 June, 2023 – SolutionsHub is thrilled to announce that it has been honored with the prestigious Blockchain Gambling Company of the Year award at the Innovation and Excellence Awards 2023. This accolade comes on the heels of another huge achievement, as SolutionsHub had previously celebrated success by winning the […]
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SolutionsHub Triumphs as UK’s Leading Authority in Alternative Payments at Global 100 Awards
DOUGLAS, ISLE OF MAN – June 13, 2023 — SolutionsHub is proud to share its remarkable achievement at the renowned Global 100 Awards, being honoured with the prestigious title of the UK’s Leading Authority in Alternative Payments. The Global 100 Awards annually commemorate the accomplishments and prowess of a select 100 firms and individuals from […]
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FCA Cryptoassets Promotion Rules
The Financial Conduct Authority (FCA), the UK’s financial regulatory body, has recently issued a policy statement (PS23/6) that sets forth new rules for financial cryptoasset promotions. This move is expected to have far-reaching implications for firms marketing cryptoassets to UK consumers, regardless of their geographical location or the technology used for promotion. New Cryptoasset Promotions […]
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UK Crypto Vision
The UK government’s vision to become a global hub for cryptocurrency and fintech innovation is more than a mere aspiration. It’s a strategic move that aims to position the UK at the forefront of the rapidly evolving digital economy. A recently published report titled “Realising Government’s Vision for the UK to Become a Global Hub […]
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Regulatory Update Webinar
In our ongoing commitment to keep you informed about the latest regulatory updates, SolutionsHub is pleased to announce an upcoming webinar. This event is hosted by the Isle of Man Financial Services Authority. The webinar is part of the Authority’s continuous efforts to engage with and support designated businesses. It provides them with necessary tools […]
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Crypto Travel Rule – Are you ready?
The world of cryptocurrencies is evolving rapidly, and with it, the regulatory landscape. One of the most significant regulatory developments in recent years is the introduction of the Crypto Travel Rule. This rule, issued by the Financial Action Task Force (FATF), has far-reaching implications for everyone involved in the crypto space, from exchanges to everyday […]
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IOSCO Crypto-Asset Recommendations
The International Organization of Securities Commissions (IOSCO) published a consultation report that provides recommendations for the regulation of crypto-asset markets. IOSCO and Its Role in Financial Markets The IOSCO is a leading international policy forum for securities regulators. Its primary role is to promote high standards of regulation in order to maintain fair, efficient, and […]
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Bitcoin Pizza Day: A Slice of Cryptocurrency History
Bitcoin Pizza Day, celebrated every year on May 22nd, is a remarkable event in the cryptocurrency world. It marks the first real-world transaction using Bitcoin, where a programmer named Laszlo Hanyecz paid 10,000 Bitcoins for two pizzas. Today, those Bitcoins would be worth hundreds of millions of dollars, making it the most expensive pizza ever […]
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