You will be able soon to buy a property through…an ATM machine, thanks to a ground-breaking idea of a Manchester’s businessman Paul T Lajszczak. Paul, finance and property entrepreneur, owner of Property Portal Crowdfunding Place, Financial Brokers, Place2B and several other businesses, installed first cryptocurrency ATM machine in central Manchester where you can buy any cryptocurrency with cash. And this is not all. In June, you will be able to buy a property in the UK, with your cryptocurrency via Crowdfunding Place Portal. Continue reading Manchester’s entrepreneur property investment shake up
Crypto Facilities, a UK-based cryptocurrency trading platform, has launched the “first regulated” futures contracts for Ethereum (ETH), the world’s second largest digital currency by market capitalization, according to a press-release May 11. Continue reading UK-Based Crypto Trading Platform Launches “First Regulated” Ethereum Futures
Major cryptocurrency exchange Coinbase is making significant strides in its European expansion. San Francisco-based Coinbase has now received an e-money license by the Financial Conduct Authority (FCA), the UK’s financial regulator, enabling the cryptocurrency exchange to provide payment- and electronic money services as cash alternatives to customers in the United Kingdom and 23 countries within the European Union. Continue reading Coinbase Granted UK E-Money License
The United Kingdom seems to have taken a firm stance on the cryptocurrency sector and It doesn’t appear to be a good one. At first, it was just Prime Minister Theresa May stating that cryptocurrencies require more regulation, adding that the UK Treasury plans to set new rules in order for that to happen. That wasn’t too bad considering the UK isn’t the only country pulling for more regulation. Except then today happened. Now, it appears the UK has an even stronger opinion on cryptocurrencies. Strong enough to launch an inquiry into the industry. Earlier today, the U.K Treasury disclosed that it will be orchestrating an inquiry into various issues that surround both cryptocurrency and the technology behind it, blockchain. To no surprise, the investigation conducted by the U.K. Treasury Committee will be looking into the risks cryptocurrencies open up to consumers, as well as a number of other issues. I’m not shocked that ‘risks’ are one of the issues planning to be discussed. It’s been known for a while that cryptocurrencies like Bitcoin are extremely vulnerable to illegal activity, such as money laundering.
At this point, it’s fair to say the cryptocurrency industry is constantly evolving. Over the course of the past couple of months, we have seen a number of countries roll out new uses for virtual currencies. In Canada, for instance, individuals can now use Bitcoin to purchase meals from KFC. In Australia, travelers will soon be able to purchase items using Bitcoin in the Brisbane Airport. Now, we’ve been informed that luxury flats in Dubai can be purchased with the virtual currency. In fact, there have already been 50 flats sold in Dubai for Bitcoin. Business Insider published a report yesterday which stated that two UK entrepreneurs have sold 50 luxury flats in Dubai for Bitcoin. This is significant news as it suggests the cryptocurrency industry, at least in Dubai, might be making a move into real estate.