Entries by Samuel Nduka

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UK FCA’s Deadline Of March 31st Approval Sparks A Mass Exodus Of Crypto Firms

The temporary registration regime set by the UK’s Financial Conduct Authority (FCA) is set to end by March unless extended. With three days left, many crypto firms that have been removed from the register or remain in the register without full approval are at the risk of being shut down. A decision that has led most of them to consider moving operations abroad.

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U.S. Senate Proposes Bill On ‘Accountability For Cryptocurrency In El Salvador’

The US senate which has since expressed concern over El Salvador’s adoption of Bitcoin as a legal tender, yesterday proposed legislation on the ‘accountability for cryptocurrency in El Salvador’. This move, according to the proponents of the legislation, is to mitigate risks the adoption of cryptocurrency by its Central American trading partners poses to the US economy.