Registration fees for modified crypto companies in the UK

FCA is restructuring registration fees for crypto companies in the UK

The authority for financial conduct of the United Kingdom has changed the structure, as far as registration fees for crypto companies are concerned.

The new structure is based on the revenues that crypto companies generate. If their income from UK crypto activity is up to £ 250,000, they will pay £ 2,000. For those with higher incomes, registration fees will be £ 10,000.

Earlier, FCA had proposed a general charge of 5,000 pounds, but the community claimed it was “too big for small businesses and start-ups”.

As of January 10, 2020, all companies wishing to operate in the United Kingdom must register. The decision was based on the entry into force of the Fifth European Union Anti-Money Laundering Directive (5AMLD). For existing companies, the registration deadline for FCA is January 10, 2021.

US authorities auction 4000 Bitcoin

Over 4,000 Bitcoin – the equivalent of nearly $ 37 million – will be auctioned by US authorities on February 18.

U.S. Marshals Service (USMS) has announced it will auction 4.040.54069820 BTC from several confiscation cases. Those interested must register by February 12 and submit a deposit of $ 200,000 to participate.

The auction will see four blocks, of 2,500 BTC, 1,000 BTC, 500 BTC and 40.54069820 BTC respectively.

“USMS will notify all bidders of their eligibility to participate in the auction by e-mail at the latest at 5:00 pm EST on Thursday, February 13, 2020”,

said USMS in its statement.

USMS held the first Bitcoin auction in the summer of 2014, when investor Tim Draper bought nearly 30,000 BTC on 10 auction blocks.

A number of other auctions, including cryptocurrencies confiscated following the closure of the dark web market Silk Road, were held subsequently. The most recent one took place at the end of 2018.

Ramp crypto payment processor receives EU banking license

Ramp, registered in Warsaw, has announced that it has received an open banking license in Europe.

The company has been authorized by the Financial Supervisory Authority of Poland for the processing of bank data. The license will allow faster, simpler and cheaper processing of cryptocurrency transactions for users in the European Union who have a bank account. The payment processor offers settlement of transactions based on API connections with banks.

Ramp works as a P2P market where liquidity pool owners (cryptocurrency sellers) provide liquidity to end users (cryptocurrency buyers). The Ramp network is currently available in the UK, but will expand soon throughout the euro area

Google Play reintroduces the game Bitcoin Blast

Last week, Google Play suspended Bitcoin Blast, extending its censorship of cryptocurrency content. This is a game similar to Candy Crush that allows users to earn small amounts of Satoshi.

The team behind the application immediately requested a re-evaluation of the suspension decision. After a discussion and preview, the app has been reinstalled, although users are still reporting problems.

https://twitter.com/GooglePlayDev/status/1222369646789189633?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer
At this point, it seems that Google’s posit