ChainCatcher message, the crypto lending institution Nexo has reopened registration for UK customers after a series of upgrades to meet the compliance requirements of the UK's Financial Conduct Authority (FCA).This upgrade was implemented in collaboration with Gateway 21 (an FCA-authorized and regulated financial promotion approval body), and the changes include providing a cooling-off period and dedicated risk warnings for UK customers. Users are also required to complete an investor classification questionnaire and a suitability assessment before using the platform, which has become standard practice for cryptocurrency companies serving UK customers.

ChainCatcher news, the Bitcoin payment application Strike has launched its services for eligible customers in the UK, enabling individuals and businesses to buy, sell, send Bitcoin, and make global payments.According to the company, this hosted iOS and Android application allows UK users to purchase Bitcoin directly, with the ability to deposit unlimited pounds instantly for free from bank accounts where supported, as well as automatic conversions and recurring purchases.

ChainCatcher news, according to CoinDesk, based on an email sent to customers, Chase UK will prohibit UK customers from conducting cryptocurrency-related transactions starting from October 16.The email stated: "If we believe you are making a payment related to crypto assets, we will decline this transaction." The email also added that customers are free to choose other banks or providers for cryptocurrency investments.The UK's Financial Conduct Authority (FCA) recently stated that it has facilitated discussions between banks and cryptocurrency companies, but lenders have shown a reluctance to provide services to the industry.

ChainCatcher news, according to The Block, Coinbase has launched a zero trading fee promotion for its UK customers on Advanced Trade, lasting for one month. This promotional offer is a limited-time deal, starting from September 8 and running until October 7.A senior director at Coinbase stated, "The reason for this promotion is to allow UK traders to experience the updates of Advanced Trade over the past year firsthand and provide us with their feedback."

ChainCatcher news, according to CoinDesk, Luno's head of public policy Nick Taylor stated that the company plans to block certain UK customers from buying or trading cryptocurrencies on October 6, two days before the new UK cryptocurrency promotion rules take effect. Luno stated that those affected can still sell and withdraw funds, and it is taking a phased approach to reintroduce investment opportunities to its customers.Nick Taylor mentioned that the UK Financial Conduct Authority's cryptocurrency promotion rules will come into effect on October 8, and therefore, all compliant cryptocurrency companies with UK customers are making some changes to their platforms to comply with the new regulations.