2 / 9 Relevant items tagged with #UK

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UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs

[Sep 10 12:42 PM] Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed british pounds 2.6 million ($3.4 million) in crypto transactions across various locations.

Crypto Retail Market Is Poised for a Rebound: Gemini

[Sep 10 11:00 AM] Crypto adoption has remained steady in the U.S. and the U.K. in the past two years, the report said.

UK Parliament could summon Elon Musk over X operations

[Sep 9 8:07 PM] Labour MP Dawn Butler wants Musk to discuss the operations of his social media network X and its role in spreading misinformation.

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

[Sep 9 1:30 AM] The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA…

UBS: European Real Estate Markets Enter New Cycle

[Sep 8 2:30 AM] UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming…

Nexo Reopens UK Registrations With Enhanced User Protections

[Sep 5 8:30 PM] Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with…

UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval

[Sep 5 3:55 PM] The FCA approved only four of the 35 applications it received in the year ended March 31.

Crypto platform resumes UK registrations after 10-month FCA compliance pause

[Sep 3 11:04 AM] The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA's guidelines oriented towards investor protection.

Home invaders used machete, Toblerone to rob a man of his Bitcoin

[Sep 3 3:10 AM] Scottish authorities tracked, traced, and seized Bitcoin stolen during a 2020 home invasion, marking the first robbery in Scotland to involve cryptocurrency tracing. 

UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October

[Aug 7 2:11 PM] The FCA's actions have led to the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator's director of consumer investments, said in an interview.

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

[Aug 5 5:10 PM] Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means…

Lloyd’s of London-Backed Insurance Policies Can Now Be Paid for in Crypto on Ethereum

[Jul 31 12:18 PM] Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies.

Bitcoin Policy Group Urges UK to Retain Bitcoin Holdings

[Jul 27 11:40 AM] The Bitcoin Policy Group has issued a warning to the United Kingdom, advising against the sale of its 61,000 bitcoins. The group argues that maintaining these holdings is crucial for the nation’s economic strategy and future financial…

UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

[Jul 25 6:30 PM] The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the…

Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls

[Jul 25 5:40 AM] Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.

Crypto-Friendly Revolut Finally Earns UK Banking License

[Jul 25 2:58 AM] Revolut has entered a "mobilization stage", designed for new banks to operate with restrictions.

Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ

[Jul 23 9:54 AM] Revolut has been in talks with investment firm Greenoaks over the deal, which would pave the way for a potential IPO.

Kraken Expands Crypto Custody Services to Institutions in UK and Australia

[Jul 18 7:30 PM] Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK…

Craig Wright Referred to UK Prosecutors for Consideration of Perjury Charges

[Jul 16 4:13 AM] Judge James Mellor also approved injunctions that prevent Wright from taking others to court again under the guise he is Satoshi Nakamoto.

Global Crypto Advocacy Movement Reaches Canada

[Jul 13 2:17 AM] Stand with Crypto, a global movement advocating for sensible crypto innovation and policy, has expanded to Canada. Originating in the U.S. with over 1.1 million advocates, the movement is now active in the UK and aims to amplify Canadian voices…

DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says

[Jul 11 6:55 AM] The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being.

UK High Court Grants Worldwide Freezing Order Against Craig Wright

[Jul 6 9:25 AM] The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for the necessity of the WFO…

Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans

[Jul 4 11:01 PM] While the industry was not mentioned in the party's manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.

Ahead of the U.K. Election, Major Parties Remain Silent on Crypto Issues

[Jul 3 5:06 AM] The U.K. is set to hold its first election in five years on Thursday and crypto is not a campaign-trail issue.

U.K.'s Next Government Must Act Fast to Regulate (and Retain) Crypto Firms

[Jun 27 10:26 AM] The likely victorious Labour party has taken no stance on digital assets. This needs to change quickly, writes Laura Navaratnam of the Crypto Council for Innovation.

Strike Expands Bitcoin and Lightning Services to the UK

[Jun 26 3:13 AM] Strike has announced its expansion into the United Kingdom. This move allows individuals and businesses in the UK to access Strike’s suite of Bitcoin and Lightning Network services. The features include buying, selling, sending, and…

Bitcoin Payments App Strike Enters UK as Global Expansion Rolls Out

[Jun 25 4:00 AM] The payments firm now operates in over 100 countries and territories globally.

Julian Assange freed from jail after plea deal with US

[Jun 24 5:32 PM] The Wikileaks founder is expected to plead guilty to one U.S. charge and be sentenced for time served in a U.K. prison.

UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust

[Jun 20 8:36 PM] The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed…

UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business

[Jun 20 6:14 AM] The two suspects were interviewed under caution by the FCA and then released on bail.