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Bill recognizing crypto as ‘regulated activity’ in UK passes House of Lords Jacob Oliver

This post first appeared in CryptoSlate.  The United Kingdom’s House of Lords passed the Financial Services and Markets Bill today, marking a major step in the country’s effort to regulate crypto-assets and their providers. Introduced on July 20, 2022, this legislation could impact the cryptocurrency markets considerably. With the endorsement from the House of Lords, […]

Crypto Payments Firm Wyre Shuts Down — Users Told to Remove Assets From Platform

Crypto Payments Firm Wyre Shuts Down — Users Told to Remove Assets From Platform Wyre, the San Francisco-based crypto payments firm, has said it is winding down operations “in order to protect the best interests” of its users and stakeholders. The firm urged users with assets on its platform “to continue to withdraw them via Wyre’s dashboard until Friday, July 14th.” A statement released by the firm said parties […]