Welcome back to your Proactive Crypto Report with Natalie Stoberman!
It’s been a tough day for Binance. Not only is the leading crypto exchange facing pushback in the United States, but it is also losing its footing in Europe.
German regulators have reportedly rejected Binance’s crypto custody license application, and the exchange has also announced that its European banking partner, PaySafe Payment Solutions, will be ending their partnership this fall.
However, there is better news from the U.K., as the country has officially passed its crypto and stablecoin rules into law under the “Financial Services and Markets Act 2023,” receiving royal assent from King Charles. This move establishes cryptocurrencies as a regulated financial activity in the U.K.
On a positive note, Bitcoin continues to trade at the $30,000 mark.
Stay tuned for more Crypto Updates, and we’ll see you again soon!
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