Coinbase chief legal officer Paul Grewal has disclosed letters from the Federal Deposit Insurance Corporation (FDIC) to banks throughout 2022, urging them to halt or avoid crypto-related activities.
The letters, which date back to March 11, 2022, have been dubbed “pause letters” due to their repeated recommendations to suspend or refrain from engaging in crypto services.
FDIC concerns
The FDIC letters cited various concerns, including the agency’s...
Pump.Fun has restricted access to users in the UK days after receiving a regulatory warning from the country’s financial watchdog.
The decision comes after a Dec. 3 warning from the UK’s Financial Conduct Authority (FCA), which flagged the Solana-based memecoin launchpad for potentially offering financial products without authorization.
In compliance with UK regulations, Pump.Fun updated its terms of service on Dec. 6 to exclude British users....
