The Financial Conduct Authority (FCA) has opened a consultation on a proposed ban of cryptocurrency products.
The All-Party Parliamentary Group (APPG, an independent organisation made up of MPs) has intervened in a Supreme Court case to help small businesses against financial institutions by closing a legal loophole which banks have used to exploit distressed companies.
This week, Facebook plans to reveal details of its cryptocurrency, called “GlobalCoin”. The coin will be in circulation by early 2020 and is to be used across 12 countries. Facebook CEO Mark Zuckerberg hopes GlobalCoin will allow Facebook’s 2.4 billion monthly users to send money as easily as sending a photo.