Bank of England and FCA launch Digital Securities Sandbox
[Oct 1 12:52 PM] The regulatory sandbox aims to strengthen the United Kingdom’s position as a global financial hub.
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87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
[Sep 6 2:12 AM] Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence.
UK’s Crown Prosecution Service Announces First Case Involving Monero Conversion
[Jul 14 8:31 PM] Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero…
New UK Law Empowering Authorities to Seize and Destroy Crypto Assets Takes Effect Today
[Apr 26 8:31 PM] A new law enabling the National Crime Agency and police to seize, freeze, and destroy crypto assets is now in effect in the UK. Under this law, police can seize crypto from suspects without needing to make an arrest first. Additionally, victims…
US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham’s Data Shows
[Apr 13 8:46 PM] The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S…
US and UK Financial Regulators Discuss Effective Crypto Oversight
[Feb 6 11:00 PM] The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial…
UK Police Seize 61,000 Bitcoins From Huge Chinese Investment Fraud
[Feb 1 6:30 PM] The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than…
UK Financial Conduct Authority Clamps Down on Crypto Marketing
[Jun 8, 2023 9:00 AM] The UK’s Financial Conduct Authority (FCA) recently proposed some strict new rules for how crypto companies can market their products and services to customers. If passed, the regulations would clamp down on misleading hype and unrealistic…