China News by Thebittimes.Com

On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm&#x2019 ;s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ Customers Santander UK has published a new update concerning cryptocurrencies and it warns that investing in such financial vehicles can be “high risk.” The bank notes that the U.K.’s Financial Conduct Authority (FCA) has warned the public about such risks and the financial institution wants to do everything it can to “protect” customers. “[Santander UK feels] that limiting payments to cryptocurrency exchanges is the best way to make sure your money stays safe,” the bank explains. The financial institution has placed a £1,000 ($1,12...

The Middle East, especially Dubai’s, love affair with crypto is known across the globe. Many prominent crypto firms have moved their bases to Dubai, or have begun offering their services in the Emirates. Some of the industry giants that offer services in Dubai include Binance, Crypto.com, FTX, etc. The region has one of the most business-and- crypto currency-friendly laws at the moment. Hence it is of no surprise that firms, big or small, want to establish their footprint in that region. Joining the growing list of web3 and crypto currency-related businesses in Dubai is Q9 Capital, a Hong Kong-based crypto investment firm. The firm has successfully obtained provisional approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The interim certification will allow the firm to offer a range of cryptocurrency services and goods that have been approved. These include opening offices and offering digital asset exchange services to pre-qualified investors and finan...