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UK Issues Over 200 Alerts Against Crypto Firms Allegedly Breaking Promotion Rules

[Oct 26, 2023 7:30 PM] Britain’s Financial Conduct Authority (FCA) has issued hundreds of alerts regarding companies “illegally promoting crypto assets to U.K. consumers.” The regulator also highlighted several “common issues” with crypto promotions it has identified�

UK Lawmakers Pass Bill to Help Seize Illicit Crypto

[Oct 26, 2023 5:35 AM] The bill lets law enforcement freeze crypto without a conviction, promising faster and more substantial seizures.

Crypto firms have already breached new UK promo rules 221 times, says FCA

[Oct 25, 2023 7:36 PM] Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too.

UK Regulator Warns Crypto Firms of 'Hard to Read' Risk Warnings

[Oct 25, 2023 5:55 AM] The Financial Conduct Authority has blocked Binance's chosen ad approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct.8.

Binance Executives in UK and France Leave Crypto Exchange

[Oct 24, 2023 5:15 PM] Another two executive departures, in the United Kingdom and France, have extended a string of managerial exits at Binance this year. They come as the leading cryptocurrency exchange faces continued regulatory pressure in a number of jurisdictions…

Archax to Launch Regulated Exchange for Tokenized Assets This Year

[Oct 24, 2023 8:17 AM] The company also said it tokenized an abrdn market fund in euros, pounds and dollars and has a pipeline of several hundred million dollars to be held in the fund.

DLT Securities Rules Are Here to Stay, EU Official Says

[Oct 18, 2023 6:20 AM] New European laws took effect in April, but fears over its limited scale may have inhibited take-up.

UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income

[Oct 17, 2023 3:50 AM] The Ministry of Justice’s proposed “Help with Fees” scheme will not classify cryptocurrencies as disposable income following a public consultation.

Binance to Stop Accepting New U.K. Users to Comply With Ad Rules

[Oct 16, 2023 9:20 AM] The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance's local partner from approving crypto ads.

U.K. Group Calls for NFT Copyright Infringement Safeguards and Code of Conduct

[Oct 10, 2023 5:01 PM] The Culture, Media and Sport Committee, which includes representatives from several political parties, started an inquiry into non-fungible tokens in November.

Nomura-Backed Komainu Joins UK Crypto Register

[Oct 9, 2023 3:05 AM] The firm registered with the Financial Conduct Authority just before new ad rules took effect on Sunday.

Binance Announces UK Domain Compliant With New Crypto Promotion Rules

[Oct 7, 2023 1:30 PM] Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest…

Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach

[Oct 6, 2023 4:49 AM] Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.

Why Some Crypto Firms Are Suspending Services in the U.K.

[Oct 4, 2023 1:22 AM] Bybit and PayPal have recently withdrawn certain services from the U.K. and Luno has halted some U.K. clients from investing in crypto – just ahead of tough new promotions rules for crypto firms coming into effect.

UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules

[Oct 2, 2023 9:20 AM] With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.

Chase U.K. to Block Crypto Payments Citing Fraud, Scams

[Sep 26, 2023 6:23 AM] Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets.

UK politicians don metaverse avatars as they share Web3 roadmap

[Sep 20, 2023 11:55 PM] “Web3 represents a paradigm shift that reimagines the very fabric of the internet,” said British MP Natalie Elphicke.

UK Just Passed an Online Safety Bill That Will Apply to the Metaverse

[Sep 20, 2023 4:05 AM] The bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks.

Cøbra Can't Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again

[Sep 19, 2023 7:01 AM] The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous.

UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding

[Sep 19, 2023 2:00 AM] The Economic Crime and Corporate Transparency Bill set to become law later this year removes some legislative hurdles that slow local cops from freezing crypto linked to crime.

Weak competition in AI race could hurt consumers — UK watchdog

[Sep 19, 2023 12:21 AM] The U.K.’s Competition and Markets Authority wants to prevent AI from being used to undermine consumer trust.

Crypto Exchange Bybit 'Exploring All Options' to Stay in UK: CEO

[Sep 14, 2023 10:09 AM] Companies like Luno and PayPal have halted certain crypto operations in the country in response to regulations set to take effect next month.

Incoming BOE Deputy Governor Highlights Crypto Risks, Cites Benefits at Parliamentary Hearing

[Sep 12, 2023 6:16 AM] There are benefits to crypto technology, and the digital pound could anchor digital money, Sarah Breeden said.

Luno to Halt Some UK Clients From Investing in Crypto as Regulation Looms

[Sep 11, 2023 12:39 PM] The U.K. Financial Conduct Authority crypto promotion rules will be coming into effect by October 8.

A Look at the Online Safety Bill and How It Might Affect Privacy in the UK

[Sep 11, 2023 2:30 AM] The Online Safety Bill, a piece of legislation that seeks assurances to keep some sites free of illegal and harmful content for U.K. jurisdiction, is facing opposition from tech and messaging giants due to its possible effects on privacy and…

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.