Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
United Kindom
British Bank Santander to Censor Transfers to Crypto Exchanges
The U.K bank Santander will prevent its customers from sending real-time transfers to cryptocurrency exchanges starting next year. The prohibition aims to protect customers from scams and fraud, as well as the general risks associated with crypto investing. Banks Blocking Bitcoin Purchases? In a notice published to its website on Friday, Santander said that certain new limits would be imposed starting next week. These include a £1,000 limit per transaction when using online or mobile banking, and a £3000 limit…
3 months ago 
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Understanding the Role of FCA in the Regulation of Crypto-Assets
Financial Conduct Authority (FCA) is considered relatively new in the financial service sector. It has been less than a decade since the regulator took over from its predecessor Financial Services Authority (FSA), in 2013. Such a transition is bound to cause some confusion on the scope of the regulatory measures in place. The broad and complex world of crypto assets and its evolving market is critical in defining what falls under FCA regulations. As a consumer, you need to be…
3 years ago 611 views
