A top financial regulator in Britain has ordered Binance, the world’s biggest cryptocurrency exchange, to cease regulated activity in the country, the latest effort by a world government to limit crypto-related businesses, the Washington Post reported.

The GFG Alliance owned by commodities tycoon Sanjeev Gupta said on Monday it was progressing with a major restructuring which will allow it to pay back creditors after its main lender Greensill Capital collapsed in March, Reuters reported. “This in turn will allow GFG to refocus its business, protect jobs and develop further its remaining assets,” it said in a statement. GFG has been under pressure to find refinancing for its cash-starved web of businesses in steel, aluminium and energy after supply chain finance firm Greensill filed for insolvency.

Britain's accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies, Reuters reported. Wyelands Bank is owned by steel tycoon Sanjeev Gupta's metals-to-finance empire GFG Alliance, which it financed. GFG Alliance was closely linked to financing company Greensill Capital which went bust earlier this year.

The company behind Amigo Loans has been given an extra three-month lifeline from its lender as the business tries to stave off collapse, Yahoo.com reported. The guarantor lender said that its bank had extended the grace period it had given Amigo to September 24. The waiver was set to run out on Friday. During this period the bank will not take action if Amigo breaks the conditions attached to the so-called securitisation facility. The amount available to Amigo through the facility was also slashed to £100 million from £250 million.

Britain said Thursday that it intends to relax pandemic travel restrictions by allowing people who are fully vaccinated to visit a wide range of countries without having to self-isolate on their return, the Associated Press reported. The Department for Transport said that it expects to implement the new policy in phases later this summer. The change would apply to fully vaccinated people traveling to destinations on the government’s “amber” list, which currently covers much of the world, including the U.S. and most of the European Union.

Billionaire steel magnate Lakshmi Mittal’s younger brother Pramod Mittal was due to be automatically freed from bankruptcy in Britain on Wednesday but has had his bankruptcy suddenly extended by the London high court for failing to cooperate with the bankruptcy trustee.

HM Revenue and Customs will take a "cautious approach" in enforcing debt collections from businesses struggling financially due to the Covid-19 pandemic, the UK Government has said, Irish News reported. UK Business Secretary Kwasi Kwarteng in a letter to the Institute of Directors and insolvency specialists R3 said enforcement by the taxman will be based on whether a company has been engaging with HMRC, rather than due to its inability to pay.

Britain’s economic recovery is continuing apace and inflation is now expected to climb even higher than previously predicted, but the Bank of England’s policymakers on Thursday stood firm and saw little need to scale back their large monetary stimulus program, the New York Times reported. That is, all but one. In his final meeting, Andy Haldane, the central bank’s chief economist, cast the lone dissenting vote, arguing that the bank should pare back its bond-buying program because of the improved economic outlook and rising price pressures.

The U.K. government has told business leaders it will take a "cautious approach" to firms that owe it money in the wake of the coronavirus pandemic, the BBC News reported. The message came in a letter from Business Secretary Kwasi Kwarteng to the Institute of Directors and R3, which represents insolvency firms. In the letter, first reported by the Financial Times, he said enforcing insolvency would remain a last resort. The government has spent billions protecting the economy from Covid.