Why Some Crypto Firms Are Suspending Services in the U.K.

CoinDesk reported:

“If you are an unregistered provider the loopholes that were available to you start getting closed down and people that were relying on reverse solicitation, or they were relying on arguments that they didn’t actually provide the service from the U.K. and things like that. It’s much harder to take those views,” Diego Ballon Ossio, partner at Clifford Chance law firm said. Reverse solicitation is the argument that clients approach a company first.

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