UK Lords Echo Support for Digital Assets Property Bill
[Nov 7 3:09 PM]
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UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto
[Nov 5 5:30 AM] A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges. Rethinking Retirement: Bitcoin’s Intriguing New Role in UK…
Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves’ Tax-and-Spend Storm
[Oct 31 7:06 PM] Following the latest budget reveal, the pound sterling has taken a sharp tumble, fueled by mounting worries about the U.K.’s fiscal outlook. Chancellor Rachel Reeves’ decision to pump £70 billion into government spending—funded through…
Archax to Buy Spanish Broker King & Shaxson Capital Markets to Expand in Europe
[Oct 31 10:48 AM] The completion of the acquisition is subject to regulatory approval in Spain.
Crypto Lobby Group CCI Expands Its Reach by Absorbing Proof of Stake Alliance
[Oct 30 11:00 AM] The Crypto Council for Innovation (CCI) is taking in the Proof of Stake Alliance (POSA) as regulators worldwide increase their attention to stakings' role in digital assets, where hundreds of billions of dollars are on the line.
Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls
[Oct 28 3:30 AM] The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money. Digital Payments Showdown: BOE Set to Roll Out CBDC if Banks Slip Behind Bank of England (BOE)…
UK Stands Firm on Tough Crypto Regulations, Warns Against Lowering Crypto Standards
[Oct 23 7:30 AM] A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while fostering a…
How a Crypto 'REIT' Misled Investors With Family Deals and 'Unjustified' Real-Estate Markups
[Oct 16 10:00 AM] The 2023 crash of Tangible's USDR stablecoin is infamous in crypto circles. But a CoinDesk investigation reveals there's another story to be told.
4 Arrests, Sanctions Follow Global Operation Against Lockbit Group
[Oct 5 8:30 AM] Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of…
UK Finance Publishes Report on Successful Regulated Liability Network
[Oct 5 4:30 AM] The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the UK’s financial system. The report also states…
Crypto Billionaire Flees London Over Offshore Tax Concerns
[Oct 1 11:20 AM] Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy…
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
[Oct 1 2:30 AM] Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case…
Bitcoin price falls as global recession and AI bubble fears send investors scrambling
[Sep 30 7:30 PM] Bitcoin's price correction is driven by a weakening global economy, conflict in the Middle East, and concerns over an AI bubble.
Wallet in Telegram app temporarily blocked for UK users due to restructuring
[Sep 25 4:19 PM] Telegram users in the United States are also restricted from using the Wallet in Telegram app due to financial regulations.
Fintech Giant Revolut Said to Be Planning Stablecoin
[Sep 18 11:58 AM] Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan.
Blockchain could help UK’s $14.5T payments sector, says trade group
[Sep 17 6:16 AM] Trade group UK Finance hailed experiments on the Regulated Liability Network as a success but called for further talks with regulators to develop the system.
UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
[Sep 16 11:01 PM] Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK
[Sep 16 2:00 PM] UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.
UK Court Recognizes USDT as ‘Distinct Form of Property’
[Sep 15 11:15 PM] A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible…
Meta to resume AI training in UK after regulatory pause
[Sep 14 12:32 PM] The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.
English High Court Rules Tether's USDT Stablecoin Counts as Property
[Sep 13 11:47 AM] USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.
UK Parliament Introduces Bill to Recognize Bitcoin and Crypto as Personal Property
[Sep 11 5:06 PM] The UK Parliament has introduced the Property (Digital Assets etc) Bill today to officially and legally recognize Bitcoin, cryptocurrency, and other digital assets as personal property. With this new legislation, for the first time, British law…
UK Introduces Bill to Clarify Crypto's Legal Status
[Sep 11 4:26 PM] The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
[Sep 11 12:30 AM] The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is…
Owner of unlicensed UK crypto ATM network faces criminal charges
[Sep 10 4:29 PM] The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.
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…