6 / 9 Relevant items tagged with #UK

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Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US

[Sep 9, 2023 2:30 PM] America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the…

Metamask Wallet Users Can Now Cash Out Crypto to Fiat

[Sep 8, 2023 3:30 AM] The popular Ethereum wallet Metamask has introduced a new feature allowing users to convert crypto to major fiat currencies. The “Sell” option currently supports cashing out ether (ETH) and is available to users in the U.S., the…

Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities

[Sep 7, 2023 7:15 PM] The crypto exchange’s focus on non-U.S. markets is part of a next phase in its expansion plans, said the firm.

U.K. Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules

[Sep 7, 2023 9:18 AM] Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January.

Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg

[Sep 7, 2023 9:11 AM] The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.

Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance

[Aug 27, 2023 1:30 PM] A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to…

U.K.’s Travel Rule Troubles Showcase Global Challenge for Crypto

[Aug 24, 2023 4:41 AM] Crypto firms in the U.K. have just days to comply with new money laundering guidelines – but they are seeking more guidance given patchy implementation of the rule between jurisdictions.

UK to spend $130M on AI chips amid scramble to buy up computing power

[Aug 20, 2023 8:42 PM] The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI.

UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says

[Aug 17, 2023 7:14 AM] Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.

Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024

[Aug 16, 2023 1:30 PM] In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their…

UK Crypto Incentives Ban Could Drive Firms Out of Country, Lobbyists Say

[Aug 10, 2023 6:27 AM] Lobby group CryptoUK called for more clarity on the FCA’s guidance on its upcoming rules for crypto ads.

Crypto․com Granted Registration Approval in the Netherlands

[Jul 30, 2023 2:30 AM] Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering…

U.K. Move to Digitize Trade Documents Could Rely on Blockchain, Government Says

[Jul 27, 2023 5:21 AM] The Electronic Trade Documents Act, set to take effect later this year, could make use of blockchain tech to improve security and reduce costs.

Craig Wright’s ‘Lies and Deception’ Justify Minimal Damages Claim, UK Judges Say

[Jul 26, 2023 6:32 AM] Wright says he is the true identity of Bitcoin founder Satoshi Nakamoto, and took a libel case against crypto podcaster Peter McCormack

Craig Wright Must Pay $516K to Pursue Case Against Kraken, Coinbase: UK Judge

[Jul 26, 2023 2:28 AM] Wright claims he’s Bitcoin White Paper author Satoshi Nakamoto and holds intellectual property rights on numerous cryptocurrencies

UK Regulator To Enquire About Worldcoin, As WLD Declines By 17% One Day Post-Launch

[Jul 25, 2023 1:00 PM] UK data regulator, the Information Commissioner Office (ICO), has laid out intentions to probe the newly launched crypto project Worldcoin.  According to a report by Reuters on July 25, the ICO has taken notice of WorldCoin’s launch in the UK and…

UK Information Commission to Make Inquiries About Worldcoin

[Jul 25, 2023 3:20 AM] The firm has claimed that they comply with "very, very local and very specific rules and regulations in each of the markets where there's an Orb."

Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win

[Jul 24, 2023 5:30 AM] Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain…

Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal

[Jul 21, 2023 1:32 PM] Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, will be able to argue his case that the Bitcoin file format should receive copyright protection under UK law after a bench of three UK judges accepted his appeal to a previous court…

UK's FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities

[Jul 20, 2023 10:00 AM] The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report.

UK Financial Regulator to Introduce Isolated Environment for Testing Financial Applications

[Jul 20, 2023 5:55 AM] During a pilot phase, the environment was used to test the eco-friendliness of decentralized ledgers.

UK Government Rejects Lawmaker Plan to Regulate Crypto as Gambling

[Jul 20, 2023 4:43 AM] The Treasury says it has learned lessons from FTX's collapse, and that gambling law doesn’t deal with crypto risks.

Proposed Legal Reforms Aid UK Crypto Dreams – but Offer Scant Hope for Bitcoin Developers Sued by Craig Wright

[Jul 20, 2023 3:01 AM] A new Law Commission report doesn’t address legal concerns beyond token ownership, lawyers told CoinDesk.

UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions

[Jul 19, 2023 10:54 AM] The FCA has turned down some of the largest crypto firms in the world in the last 18 months, its CEO Nikhil Rathi told lawmakers at a hearing.

Crypto Miner Argo Blockchain Raises $7.5M in Share Sale; Stock Slumps

[Jul 19, 2023 2:07 AM] Proceeds from the private placing and public sale will be used to pay down debt.

Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator

[Jul 18, 2023 5:06 AM] The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act in June.

Crypto memes can be considered financial promotions, says UK watchdog

[Jul 17, 2023 8:26 PM] Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA.

Bitcoin ETFs Can Boost ‘Overall Reputation of Certain Cryptocurrencies’ — Brighty App Co-Founder

[Jul 16, 2023 2:00 AM] According to Nikolay Denisenko, the co-founder and CTO of the financial and earning application Brighty App, the digital version of the pound sterling can be a bridge that enables “easy conversions between different types of crypto…

Europe Expects Its First Bitcoin ETF This Month, Report

[Jul 16, 2023 12:00 AM] Europe’s first bitcoin exchange-traded fund (ETF) is set to launch in July after a 12-month delay caused by the crypto winter. The fund has been authorized in Guernsey, a more flexible jurisdiction, which will ostensibly help to avoid some of the…

UK's New Online Safety Bill Applies to the Metaverse, Lawmakers Agree

[Jul 13, 2023 3:35 AM] The bill, nearing approval, has measures to prevent children from experiencing harm online.