Archive for November 2023

In a groundbreaking move, the Kenyan parliament has directed the Blockchain Association of Kenya (BAK) to draft the country’s first comprehensive cryptocurrency regulation bill. This marks a significant step towards establishing a clear regulatory framework for cryptocurrencies in Kenya. The DirectiveThe National Assembly’s Departmental Committee on Finance and National Planning summoned BAK representatives on Oct.…

The Bank of England, in collaboration with the Financial Conduct Authority (FCA), has recently announced its plans to regulate stablecoins. This move is seen as a significant step towards integrating stablecoins into mainstream financial systems, potentially offering UK consumers and retailers a new, digital method of payment. What are Stablecoins?Stablecoins are a type of digital…

In a significant development for the cryptocurrency market in the United Kingdom, global payment platform PayPal has secured its position as a registered cryptocurrency service provider with the UK’s Financial Conduct Authority (FCA).This registration allows PayPal to offer crypto-related services to its British users. A Milestone for PayPalThe FCA registration marks a crucial milestone for…