UK Scraps Plan to Monitor Unhosted Digital Wallets
The United Kingdom, in stark contrast to a proposal approved in March by the European Union, will not require senders of crypto assets to collect...
UK government proposes additional safeguards against stablecoin failure risks
The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a...
The UK government has included cryptocurrency in its latest legislative agenda.
Bills promoting "the safe adoption of cryptocurrencies" as well as the right to "seize and recover crypto assets" were included in the Queen's Speech for...
The EU and the United Kingdom provide a one-of-a-kind hurdle to cryptocurrency adoption:
A new crypto study has found that major obstacles await crypto adoption across the world. Bitstamp, a global cryptocurrency exchange, carried out the survey of...
With the Securitize collaboration, a UK-based loan provider allows investors to tokenize their funds.
The bridge finance fund is the first firm in the United Kingdom to develop such a collaboration with a platform in the United States. Whitehall...
UK or US: Which country will be in the forefront of the crypto race in the future?
Cryptocurrencies have had a mixed reception throughout the years. Speculations and fear mongering dominated the sector in its early years. However, investors' attitudes about this...
The UK government is moving forwards with a legislative framework for stablecoin payments.
"If crypto technologies are going to be a huge part of the future, then we, the United Kingdom, want to be in – and in...
The UK Financial Conduct Authority has extended the deadline for some crypto companies to register.
As of March 25, 12 firms, including CEX.IO, Revolut, and Copper, were permitted to "carry out crypto asset activities" under FCA provisional registration status. The...
Regulators in the United Kingdom have called for a “cautious and responsible approach” to cryptocurrency in order to reduce stability concerns.
Several concerns have been voiced by UK regulators over the years about the region's widespread use of cryptocurrencies. One of the reasons they aim to...
Ireland’s central bank has issued a warning about cryptocurrency advertisements, following the lead of the United Kingdom.
The central bank warned people to be wary of "misleading advertisements, particularly on social media, where influencers are paid to promote crypto assets." The Central...
In the midst of a new crackdown, the UK Financial Conduct Authority is looking for crypto talent.
By early April, the FCA intends to begin accepting applications for its new position as head of the department of digital assets. The Financial Conduct...
The #FlokiArmy is outraged after the UK regulator shuts down Floki Inu’s latest advertising campaign.
In 2021, the value of cryptocurrency memecoins such as Dogecoin and Shiba Inu skyrocketed. This paved the way for additional canine cryptocurrencies, such as Floki...
Paysafe’s partnership with Binance is causing concern. The Financial Conduct Authority of the United Kingdom
In July, Binance lost access to the sterling payment network; nevertheless, the Paysafe agreement provided access to limited services. Binance's recent cooperation with Paysafe, a...
In a case of VAT fraud, the UK tax office makes the first NFT seizure.
Three people have been arrested by the tax authorities in connection with a possible tax evasion scheme involving shell businesses and fraudulent identities. The United...
The United Kingdom, according to MP Matt Hancock, “should be the birthplace of cryptocurrencies.”
One Member of Parliament believes that once the United Kingdom separates from the rest of the European Union, it will help the country's cryptocurrency industry...
The UK tax authority is tightening up on rules governing DeFi lending and staking.
"HMRC considers cryptocurrency assets to be property for tax purposes." However, this contradicts the approach currently being taken by the UK government and other regulatory...
Fraudsters use the royal couple to promote their scam; here’s what’s going to change in the United Kingdom.
For quite some time, the Financial Conduct Authority (FCA) has expressed concerns about crypto advertising. Now, Chancellor of the Exchequer Rishi Sunak is planning to...
U.K.: Cryptos now fall under the purview of the FCA, and new crypto advertising rules have been implemented.
The rising popularity of cryptocurrency asset investments in recent years, particularly in the retail sector, could be attributed to emerging companies' constant crypto advertising. Many...
The United Kingdom ranks third in terms of ETH ownership, with crypto adoption increasing by 1% in December, according to a survey.
According to a December survey conducted by Finder.com, the United Kingdom ranked third in the world in terms of Ether adoption, while overall cryptocurrency adoption...
A UK newspaper has published a record-breaking number of cryptocurrency advertisements, despite CBDC opposition.
As if regulating cryptocurrency wasn't difficult enough, one particularly difficult area to navigate is the issue of crypto advertisements and commercials. This issue has been...
CBDCs fail to persuade the House of Lords committee, claiming it poses “stability risks.”
CBDCs, as well as the concept of government-controlled digital currencies, are typically opposed by supporters of decentralised crypto and blockchain technology. However, CBDC scepticism...
‘The nation should not compensate investors for crypto losses,’ says the CEO of the UK’s Financial Conduct Authority.
The UK's top financial watchdog wants to prevent investors from receiving government compensation in the event of a crypto scam or a financial loss that...
Binance, the cryptocurrency exchange, is looking for a UK licence with the regulator once more.
Crypto exchange Binance is again trying to gain a license in the UK under the Financial Conduct Authority (FCA), according to The Sunday Telegraph. This...
Despite regulatory challenges, Binance aims to become a registered cryptocurrency firm in the United Kingdom.
Binance, the world's largest cryptocurrency exchange by trade volume, has come under fire from regulators all over the world. Various regulators, including the Financial Conduct...
NFT Money Laundering Risks Identified by UK Think Tank
NFTs are being investigated by the Royal United Services Institute as a "new frontier" for money laundering. The Royal United Services Institute (RUSI) has published...
The UK’s digital services tax, HMRC is aimed at levying cryptocurrency exchanges.
Crypto exchanges in the United Kingdom will face a 2% tax, which would most likely be passed on to investors, according to CryptoUK. A digital...
Kraken is delisting Monero, citing regulatory compliance difficulties in the United Kingdom as the reason.
At a time when leading exchanges are listing speculative joke currencies like Shiba Inu and Floki Inu, others are being delisted due to security and...
The UK Advertising Watchdog is looking into Floki Inu ads on the London Underground.
The Advertising Standards Authority of the United Kingdom is looking into the Floki Inu commercials that aired on the London Underground last week. The UK’s...