Features News Official TheBitTimes.com

The UK’s aggressive stance on crypto could redefine the UK’s crypto market, but will innovation pay the price? The FCA’s tight grip on crypto ads and the BoE’s stablecoin oversight mark a major shift in the UK’s digital currency landscape. What’s happening? The UK is tightening its regulatory grip on the cryptocurrency market with a dual focus: ensuring that the marketing of crypto assets is responsible and that stablecoins, when used as a form of payment, are robustly regulated.  The Financial Conduct Authority (FCA) has recently introduced stringent rules for firms marketing crypto assets. These rules include mandating a specific cooling-off period for new investors to contemplate their decisions, banning “refer a friend” bonuses, and requiring clear risk warnings in advertisements.  Concurrently, the Bank of England (BoE) is spearheading legislative proposals to regulate stablecoins, aiming to secure financial stability and consumer...

Bitcoin (BTC) ATMs have become both a convenience and a concern, with scammers exploiting unsuspecting victims. Authorities in the U.S. and other jurisdictions are now waging war against crypto ATM-based scams. California takes a stand with new crypto laws California has introduced rules for cryptocurrency transactions. Senate Bill 401, signed by Governor Gavin Newsom, means you can only do $1,000 worth of cryptocurrency transactions at ATMs each day, and starting in 2025, the most they can charge you is $5 or 15% of the transaction, whichever is higher.  Initially, some Bitcoin ATMs allowed up to $50,000 in transactions with fees between 12% and 25% above the digital asset’s value. These changes are meant to protect people from scams and high fees, as explained by Senator Monique Limón, one of the co-authors.  Scammers exploiting the convenience of Bitcoin ATMs have been a growing concern, with the Federal Trade Commission reporting over 46,000 people losing over $...