Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide
[May 3, 2023 9:18 AM] The law on promotions is set to come into effect around four months from now, the finance ministry has said.
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UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
[May 2, 2023 4:47 AM] The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance
[Apr 28, 2023 2:30 PM] This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase.
UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
[Apr 27, 2023 7:45 AM] The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.
UK Charities Offered Guidance for Accepting Crypto Donations
[Apr 27, 2023 2:16 AM] Nonprofits need to weigh up the risk of volatility and hacks, and follow money laundering norms, the Charity Commission said.
UK financial watchdog to crypto industry: ‘Let’s work together’
[Apr 25, 2023 9:33 PM] The Financial Conduct Authority wants input from crypto companies on moving forward with regulations.
UK FCA Wants to Work With the Crypto Industry to Develop Regulation, Executive Says
[Apr 25, 2023 9:21 AM] The U.K. is consulting on new rules for the crypto sector.
With MiCA Past the Finish Line, UK's Crypto Industry Calls for Rules of Its Own
[Apr 21, 2023 9:17 AM] The finalization of the landmark law puts “significant pressure” on the U.K. to deliver its own crypto rules, one industry group said.
Gold Slides on Higher US Treasury Yields, Dollar
[Apr 19, 2023 11:30 AM] Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United…
UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy
[Apr 14, 2023 8:55 AM] The department will explore economic growth, investment and business opportunities in these areas along with implications on regulation.
Bitcoin Policy UK Launches With Goal Of Capturing Bitcoin’s Opportunity For The UK
[Apr 13, 2023 10:59 AM] The Bitcoin-focused policy group aims to educate policymakers on the benefits Bitcoin can provide.Bitcoin Policy UK has launched with the stated aim of unlocking the potential of Bitcoin for the UK economy. According to a press release sent to…
Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says
[Apr 12, 2023 9:03 AM] The central bank governor also said regulators can't rule out central bank digital currencies.
Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned
[Apr 5, 2023 5:19 AM] Judges at the High Court in London said they didn’t have the resources to explore the issue fully.
Cardano Stands Out In Robinhood’s Top Movers List For The Week
[Apr 1, 2023 7:03 AM] Robinhood, a popular trading platform, listed Cardano among the top gainers in its weekly list of best-performing assets. This is the first time in almost two months that ADA made it to the list. ADA gained 10.15% in the last seven days. It also…
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
[Mar 31, 2023 10:30 AM] BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By…
UK NFT Dropped Over Lack of Demand, Finance Minister Hunt Says
[Mar 29, 2023 6:23 AM] The Royal Mint in 2022 had been tasked by the government with creating a project in what was then the red-hot space.
What the Bank of England’s Stablecoins Regime Could Look Like
[Mar 29, 2023 3:21 AM] The Bank of England's upcoming crypto regime would try to ensure that funds are returned to customers when certain crypto firms enter a crisis.
UK Crypto Promotions Laws Hoped to Be in Place by Late 2023
[Mar 28, 2023 11:01 AM] The Financial Services and Markets Act amendment, which would enable the new rules, will soon be discussed in Parliament.
UK Treasury Cancels Plans for Government-Backed NFT
[Mar 27, 2023 4:02 PM] Initially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review.
The UK Has Created Crypto Banking Problems
[Mar 25, 2023 2:00 AM] U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.
UK Crypto White List Needed to Solve 'Debanking,' Lobby Group Says
[Mar 21, 2023 5:43 AM] British banks have said they keep people away from crypto for their customers' own protection
LinksDAO wins bid to buy its first golf course, says CEO
[Mar 16, 2023 7:01 PM] The successful bid comes a month after 88.6% of LinksDAO token holders voted in favor of putting in a “compelling offer” for the golf course in its governance vote.
Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow
[Mar 12, 2023 12:30 PM] The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to…
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
[Feb 25, 2023 11:00 PM] Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in…
UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Card Program Reach to Over 40 Countries
[Feb 15, 2023 1:00 AM] Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership means that Wirex will be able to offer its…
UK Court Rules Craig Wright Has No Copyright Claim On Bitcoin
[Feb 8, 2023 3:21 PM] The ruling is the latest in a string of court cases that have ended with a decision against Craig Wright.A United Kingdom court has ruled against Craig Wright, indicating that he has no copyright claim over Bitcoin’s code.According to the Tuesday…
UK blockchain carbon offset platform raises $45M in seed funding
[Feb 8, 2023 9:10 AM] Carbonplace says it will use the funds to scale its services and become the "SWIFT of carbon markets."
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud
[Feb 6, 2023 4:00 AM] A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an established scheme for extracting money from victims lured…
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
[Feb 1, 2023 4:00 PM] The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory…
Hive Ransomware Network Dismantled by American, European Law Enforcement
[Jan 27, 2023 3:30 PM] Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted…