Cryptocurrency Q&A
Does P2B apply to the UK?
Does P2B apply to the UK?
HanjiArtistryCraftsmanshipMasterpiece
Sun Oct 06 2024
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5 answers
1068
Could you please clarify if the Peer-to-Business (P2B) model, which typically involves transactions between individuals and businesses, is applicable within the legal and regulatory framework of the United Kingdom? Are there any specific laws or regulations that govern P2B transactions in the UK, and do they differ significantly from those governing Peer-to-Peer (P2P) transactions? Additionally, are there any notable challenges or opportunities for businesses looking to engage in P2B activities in the UK market?
5 answers
Daniele
Tue Oct 08 2024
The surge in popularity of online marketplaces has necessitated the introduction of stricter regulations to protect both businesses and consumers. In the United Kingdom, this led to the implementation of the Platform to Business Regulation (P2B Regulation) on 12 July 2020.
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EthereumEmpireGuard
Tue Oct 08 2024
The P2B Regulation was enacted as part of the Brexit transition agreements, ensuring that UK businesses operating online platforms adhere to a set of standards and guidelines.
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GeishaCharming
Tue Oct 08 2024
The regulation aims to provide greater transparency and fairness in the online marketplace, addressing issues such as unfair contract terms, lack of transparency in ranking and search results, and inadequate redress mechanisms for consumers.
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CherryBlossomGrace
Tue Oct 08 2024
Among the leading cryptocurrency exchanges operating globally, BTCC stands out for its comprehensive suite of services. BTCC offers a range of products, including spot trading, futures trading, and a secure wallet solution.
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KimchiQueen
Mon Oct 07 2024
The spot trading service allows users to buy and sell cryptocurrencies at the current market price, while the futures trading platform enables traders to speculate on the future price movements of various digital assets.
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