Today it was announced that the worlds most popular fiat based crypto exchange has opened an account at UK bank Barcleys. This marks the first partnership between any UK bank and exchange.
Earlier this year we saw banks like Lloyds and RBS reject payments related to cryptocurency accounts over claims that they were "protecting customers".
Today Coinbase was also granted an e-money licence by the Financial Conduct Authority (FCA) which will allow for faster payments on the platform. This also offers some protection for client funds. Any fiat stored with the company will now be protected in case the company ever shuts down shop.
The FCA licence also extends into 23 EU countries however, with BREXIT looming it is unclear if this extension will still be valid following the "divorce".
The UK has always been a superpower for financial services and it is clear that if it is to stay relevent post BREXIT then taking the lead in crypto adoption would be a smart move.
You can read the full article here: https://techcrunch.com/2018/03/13/coinbase-emoney/
https://www.coindesk.com/coinbase-receives-e-money-license-from-u-k-financial-regulator/
Increased adoption is great for investors and those with a stake in crypto.
Increased regulation will probably mean increased demand for coins that concentrate primarily on privacy - Dash and Monero are probably two of the better ones at the moment.
Regulation is a good thing right now. I'm not sure how the whole privacy thing is going to play out but it is early days.
Could potentially do away with some of the volatility in the market, which is good for avoiding those crippling crashes, and it might mean fewer moon and lambo posts.
I actually like the volatility
Vertpig also launched the other day, offering VTCBTC, VTCLTC and VTCGBP pairings
I've not heard of this, need to investigate. I would love LTC pairs on all exchanges and GBP
I wrote about it a couple of days ago