A growing number of crypto asset firms are abandoning attempts to register with Britain's financial regulator as global scrutiny of the rapidly-growing sector intensifies.
- Britain Sends Anti-Tank Weapons to Ukraine
- UK Scientists Urge More Restrictions to Fight Omicron Surge
- Mick Rock, Photographer of 1970s Music Icons, Dies at 72
Major cryptocurrencies were trading with mild gains on Monday. Crypto traders turned cautious overvaluations of digital tokens, following volatility in the previous session. Seven out of the top 10 digital tokens were trading with gains at 9.30 hours
Britain's watchdog Financial Conduct Authority (FCA) ordered cryptocurrency exchange Binance to stop undertaking any regulated activity in the country, saying the firm lacked authorization. The exchange would not be allowed to undertake any regulated activities without the prior written consent of the FCA.
Mexican billionaire Ricardo Salinas Pliego said his banking business may begin using Bitcoin, becoming the country's first bank to start accepting the cryptocurrency.
