2 / 9 Relevant items tagged with #Uk

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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.

Bitcoin Now Accepted At South London's Tooting Market

[Jun 19 10:48 AM] Established in 1930, Tooting Market in South London is an iconic indoor market and the UK's first food market.It has garnered accolades such as Best Small Indoor Market at the 2017 Great British Market Awards and Tooting is listed among Lonely…

Britain’s public healthcare chief flags rise in crypto trading addiction

[Jun 12 8:24 PM] NHS boss Amanda Pritchard called for action, saying specialist clinics are seeing a rise in young people with crypto trading addictions.

India Repatriates 100 Tonnes of Gold From UK, Aims to Move More

[Jun 3 7:36 PM] According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be…

UK Sentences Woman to Prison for Laundering Bitcoin After Police Seize 61K BTC

[May 25 5:20 AM] A woman has been sentenced to nearly seven years in prison for laundering bitcoin tied to a £5 billion fraud in China. Authorities seized over 61,000 bitcoin during their investigation, now worth over $4 billion. The woman denied all charges…

How to trade crypto in the UK using Revolut X

[May 17 7:08 AM] Uncover the step-by-step process for moving fiat from the Revolut banking app into the Revolut X application and trading cryptocurrencies.