Discover more from Token Dispatch
UK crypto crackdown 🧑🚒 🚒
Which British banks allow you to buy Bitcoin? WSJ opens a can of crypto worms, spotlight on Binance and Tether. A $4.5 Billion project for Bitcoin NFTs. SBF wants entertainment. Scammer calls it quits
Hello y'all. This is The Token Dispatch, and you know what, SBF can't keep without reading what we dispatch 🤓. You've got to believe us on this. We think crypto scammers love Mrithangam Rap 😉
UK banks are getting tougher on customers using crypto, and it's getting tougher to buy and sell crypto - if you bank in UK. We don't. No sweat.
The UK government continues to crack down on cryptocurrency. It has proposed new regulations that require crypto exchanges to register with the Financial Conduct Authority and implement anti-money laundering measures.
Cannot buy any digital assets from exchanges using credit cards. Account holders can buy crypto with a debit card through certain UK-regulated platforms—but not Coinbase.
Allows clients to buy crypto via UK-regulated platforms and make withdrawals from exchanges such as Coinbase - only debit cards.
Can buy digital assets from exchanges such as Coinbase. Limited amount. Companies like crypto exchanges with a base in the UK cannot hold accounts at NatWest.
Does not allow customers to buy or sell crypto through its online banking platform. Can buy crypto via a regulated, FCA-approved broker though.
Limits U.K. customers from making large crypto transactions. Can make single transactions of £1,000, with a total limit of £3,000 in any rolling 30-day period.
Does not deal in cryptocurrencies at all. Can’t use an account to buy digital assets from an exchange. Can receive money to their account from a platform that deals with crypto if it is regulated in the EU or UK.
Can buy cryptocurrency on big, established exchanges such as Coinbase, but not Binance. Keeps the right to block transactions based on risk.
Banned customers from all crypto-related payments, considers crypto as high risk activity.
Most crypto-friendly. Can buy, sell, and store a number of digital assets via the mobile banking app.
Crypto distribution among banks across the world
To keep all this in perspective, around 20% of banks have exposure to crypto assets, as per Bank for International Settlements (BIS) report. The majority of those banks are in the Western Hemisphere.
CZ wanted to be friends with Gary 🤝 ... Wait, what?
THE Wall Street Journal has been on fire of late. Some good scoops. The latest one goes around how Binance tried to dodge U.S. Authorities, and tried to Recruit Gary Gensler.
Worried about the threat of prosecution, Binance set out on a plan to neutralise U.S. authorities, according to messages and documents from 2018 to 2020 reviewed by The Wall Street Journal as well as interviews with former employees.
In 2018 and 2019, Binance staff approached Gary Gensler, then a former Commodity Futures Trading Commission chair and now SEC chair, to become an adviser. Mr. Gensler, then teaching at Massachusetts Institute of Technology, was “likely back in a regulators seat if Dems win the 2020 election,” a Binance employee told colleagues on a chat.
Reality is stranger than fiction 🙈🙊🙉
TTD Blockquote 🔊
DJ Agoria, French Electronic Producer
'I Don’t Trust in Music NFTs'
Mass adoption of music NFTs doesn't appeal to our DJ. For he don’t want to make music NFTs mainstream, he wants music NFTs to be rare.
Que dis-tu, mec? Gotta ❤️ 🇫🇷
A lot of trouble to Tether 😵💫
A WSJ report, them folks again 💂♂️, claims the Tether used fake documents to open bank accounts. The report cites emails and documents to claim that the crypto companies behind Tether used falsified documents and shell companies to get bank accounts.
FYI // Tether’s USDT has a market cap of $71 billion. It's the third-largest cryptocurrency after Bitcoin and Ethereum. It is also the most-traded digital asset. Stablecoin. Crypto folks use it to quickly enter and exit trades without using a traditional bank or fiat currency. It ain't going all too well for the world of stablecoins, Binance Stablecoin BUSD's market cap had plummeted 43% in 30 days. Show us a silver lining someone 🙏
TTD Number Picker 🔢
TTD Scam Corner 🔎
Restaurant invite. Investment opportunity. Empty crypto wallet. Crypto con artists leave a trail of victims from Amsterdam to Rome. C'est la vie.
TTD WTF 😮
Sam Bankman-Fried wants to watch Netflix and read crypto news while awaiting trial, according to a letter submitted to the court by U.S. Attorney Damian Williams. What can we say? He's a Token Dispatch regular. We feel you Sam, we really do ❤️. Love, Team TTD 🥰
BEDU, the cultural initiative for emerging artists from the Middle East, is teaming up with Art Dubai 2023 for a contemporary art showcase.
The Reserve Bank of India is gauging CBDC’s potential for cross-border transactions and linking it with legacy systems of other countries.
Chainlink launches platform to help Web2 connect with smart contracts. Beta live on the Ethereum Sepolia and Polygon Mumbai test networks.
So long. OKAY? ✋
The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.