UK’s Financial Conduct Authority Leads London Crackdown on Crypto Traders

In brief UK Financial Conduct Authority led multi-agency raids on eight London premises suspected of illegal P2P crypto trading. Officers issued cease-and-desist orders requiring immediate cessation of unauthorized trading activities. The evidence gathered will support ongoing criminal investigations into suspected money laundering operations, the agencies said. The UK’s Financial Conduct Authority said Wednesday that it…

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RedStone Launches Settlement Layer to Address RWA Liquidity Gap in DeFi Lending

RedStone, a decentralized oracle provider, has launched a new settlement layer for decentralized finance, aiming to make tokenized real-world assets (RWAs) usable as collateral in lending protocols. The system, called RedStone Settle, is designed to address a long-standing structural issue in DeFi. While lending platforms such as Aave rely on near-instant liquidations to manage risk,…

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