Express

UK’s Crypto Start-Up Applies For A Banking License

Claudia Rivera

Summary: The UK has been considering putting regulations on cryptocurrency for a while, recently DAG Global, a UK start up, applied to be the first bank for cryptocurrency businesses, reports ambcrypto.  The Financial Conduct Authority and Prudential Regulation Authority have warned banks about the risks involved with the cryptocurrency market, although they have never discouraged banks ...

The UK has been considering putting regulations on cryptocurrency for a while, recently DAG Global, a UK start up, applied to be the first bank for cryptocurrency businesses, reports ambcrypto. 

The Financial Conduct Authority and Prudential Regulation Authority have warned banks about the risks involved with the cryptocurrency market, although they have never discouraged banks from providing these services. The DAG Global efforts started around 2019 and has been in dialogue with UK regulators.

By Claudia Rivera

Last Update:

Tags: ,,
Link: UK’s Crypto Start-Up Applies For A Banking License   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 2 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 12 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 14 days ago

    • You need to login to comment.