The UK is set to become a global hub for digital assets with its new regulatory regime. This comprehensive approach classifies stablecoins as securities and mandates FCA approval for crypto firms, aiming to foster innovation and protect consumers.
Tag: United Kingdom
Revolut Achieves $1.3B Profit Surge: User Growth, Crypto Boom & UK Banking License
Revolut’s profits doubled to $1.3 billion in 2024, fueled by a surge in crypto trading and significant user base expansion. The company also secured a long-awaited UK banking license, paving the way for new lending services.