5 / 9 Relevant items tagged with #UK

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UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders

[Nov 27, 2023 5:48 AM] The FCA is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.

How to buy Bitcoin and Ethereum in the UK

[Nov 26, 2023 12:28 PM] Buy Bitcoin and Ether legally and securely in the U.K. and get insights on regulations, storage and investment options to make informed decisions.

Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT

[Nov 21, 2023 3:31 AM] Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.

UK's Proposed Crypto Rules Could Drive Away Foreign Firms, Lawyers Say

[Nov 16, 2023 9:05 AM] The government has said it won't extend certain regulatory exemptions reserved for foreign TradFi firms to crypto.

UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith

[Nov 14, 2023 3:37 AM] His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.

International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up

[Nov 10, 2023 7:36 AM] Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.

UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

[Nov 8, 2023 9:50 AM] The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through…

Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia

[Nov 7, 2023 10:00 PM] Ripple also announced product enhancements and license updates, including a focus on payments between enterprises and smaller businesses.

Robinhood to Expand Crypto Trading Into EU, Plans to Start UK Brokerage

[Nov 7, 2023 4:00 PM] The crypto trading platform for EU will start in "coming weeks."

UK Financial Watchdogs Publish Plans to Regulate Stablecoins

[Nov 6, 2023 3:27 AM] The U.K. government published plans for regulating crypto last week.

UK Regulator Publishes Guidance for Crypto Marketing Regime

[Nov 2, 2023 5:07 AM] The Financial Conduct Authority’s new ad regime took effect in October.

UK's National Crime-Fighting Agency Seeks Six Crypto Investigators

[Nov 2, 2023 5:02 AM] A crime bill passed last week gives law enforcement agencies more powers to seize and freeze crypto.

Paypal Achieves FCA Registration in the UK, Paving the Way for Crypto Services Resumption in 2024

[Nov 2, 2023 1:30 AM] The payments giant Paypal has successfully achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, a fact verified by the FCA’s website on October 31. This move comes shortly after Paypal’s temporary cessation of…

Upcoming UK Rules for Crypto Ad Approvers Spell Uncertainty for Industry

[Nov 1, 2023 5:02 AM] Those approving ads for other crypto companies are already facing regulatory scrutiny – and will soon need new permissions to continue.

U.K. Publishes Final Proposals for Crypto, Stablecoin Regulation

[Oct 30, 2023 3:37 AM] The U.K. government published its final proposed rules for crypto and stablecoins on Monday.

Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern

[Oct 27, 2023 6:04 AM] Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said.

UK Issues Over 200 Alerts Against Crypto Firms Allegedly Breaking Promotion Rules

[Oct 26, 2023 7:30 PM] Britain’s Financial Conduct Authority (FCA) has issued hundreds of alerts regarding companies “illegally promoting crypto assets to U.K. consumers.” The regulator also highlighted several “common issues” with crypto promotions it has identified�

UK Lawmakers Pass Bill to Help Seize Illicit Crypto

[Oct 26, 2023 5:35 AM] The bill lets law enforcement freeze crypto without a conviction, promising faster and more substantial seizures.

Crypto firms have already breached new UK promo rules 221 times, says FCA

[Oct 25, 2023 7:36 PM] Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too.

UK Regulator Warns Crypto Firms of 'Hard to Read' Risk Warnings

[Oct 25, 2023 5:55 AM] The Financial Conduct Authority has blocked Binance's chosen ad approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct.8.

Binance Executives in UK and France Leave Crypto Exchange

[Oct 24, 2023 5:15 PM] Another two executive departures, in the United Kingdom and France, have extended a string of managerial exits at Binance this year. They come as the leading cryptocurrency exchange faces continued regulatory pressure in a number of jurisdictions…

Archax to Launch Regulated Exchange for Tokenized Assets This Year

[Oct 24, 2023 8:17 AM] The company also said it tokenized an abrdn market fund in euros, pounds and dollars and has a pipeline of several hundred million dollars to be held in the fund.

DLT Securities Rules Are Here to Stay, EU Official Says

[Oct 18, 2023 6:20 AM] New European laws took effect in April, but fears over its limited scale may have inhibited take-up.

UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income

[Oct 17, 2023 3:50 AM] The Ministry of Justice’s proposed “Help with Fees” scheme will not classify cryptocurrencies as disposable income following a public consultation.

Binance to Stop Accepting New U.K. Users to Comply With Ad Rules

[Oct 16, 2023 9:20 AM] The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance's local partner from approving crypto ads.

U.K. Group Calls for NFT Copyright Infringement Safeguards and Code of Conduct

[Oct 10, 2023 5:01 PM] The Culture, Media and Sport Committee, which includes representatives from several political parties, started an inquiry into non-fungible tokens in November.

Nomura-Backed Komainu Joins UK Crypto Register

[Oct 9, 2023 3:05 AM] The firm registered with the Financial Conduct Authority just before new ad rules took effect on Sunday.

Binance Announces UK Domain Compliant With New Crypto Promotion Rules

[Oct 7, 2023 1:30 PM] Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest…

Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach

[Oct 6, 2023 4:49 AM] Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.

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

[Oct 4, 2023 1:22 AM] Bybit and PayPal have recently withdrawn certain services from the U.K. and Luno has halted some U.K. clients from investing in crypto – just ahead of tough new promotions rules for crypto firms coming into effect.