UK News and Articles

The Financial Conduct Authority issued a warning against the crypto exchange FTX saying the company offers services or products in the UK without having permission. According to the official statement, almost all firms and individuals offering, promoting, or selling financial services and products...

New rules by the UK Office of Financial Sanctions Implementation (OFSI) of Her Majesty’s Treasury define that crypto exchanges should report and freeze accounts suspected of avoiding Russian sanctions or potentially facing criminal charges. The announcement by the financial authority says payment...

The UK Legal Commission advocates for the recognition of NFTs and digital currencies as a new type of property. This body published a statement in which it supported the plans of the government of the kingdom to legalize the cryptosphere. Such an initiative was previously made not only in the...

In early April, the press service of the UK government announced its intention to recognize stablecoins as a means of payment. On the eve of the Parliament submitted the relevant bill. Its authors hope that the legalization of digital currencies with fiat and other collateral will strengthen the...

U.K. financial regulators are proposing rules on stablecoins. Financial services and markets bill will be presented to parliament. Previously, in April, the U.K. Treasury announced goals to turn the country into a crypto hub. The new rules would allow consumers to make payments with stablecoins....

A court in the United Kingdom approved the use of blockchain during a legal action for the first time. The ruling was related to a lawsuit started by Fabrizio D’Aloia, founder of a virtual gambling business. According to a Time article, D’Aloia is suing the digital assets exchange Binance and...

The United Kingdom government released a consultation paper on May 31 that recommends improving the current legislation to face risks related to stablecoins. The news came after the Terra ecosystem's collapse. The paper suggests giving the Bank of England additional power to manage the...

Since 2020, the UK authorities have begun to tighten control over businesses focused on the crypto market. The Kingdom’s Financial Conduct Authority (FCA) previously reported that all blockchain companies must register in a special registry by early April and obtain a license that gives them the...

The FCA of the United Kingdom has released a warning that says crypto ATMs running in the country are’n legal and they must stop functioning. The statement says that the companies must be listed with the regulatory body. As the FCA reports, none of the crypto asset firms is currently registered...

A resident of the UK, whose name was not disclosed, was the victim of a crypto-scammer whom he met on the Internet. The BBC released a report about a man who lost about $ 200 thousand in search of love. So, it is known that he (the fictitious name Tom is used in the news release) through a mobile...

The UK Advertising Standards Authority (ASA) has required all crypto companies to stop posting content promoting cryptocurrency investments. On December 15, the regulator sent appropriate notifications to such companies as Coinbase, Kraken, eToro, as well as EXMO, and Coinburp. The management also...

The United Kingdom’s Central Bank released a Financial Stability Report, where it mentioned the rapid evolution of the crypto industry. The regulator said that domestic and global regulations must cooperate to control the risks of the fast-evolving market of cryptocurrencies. The Financial Policy...

The British authorities have ordered all cryptocurrency exchanges to pay a 2% tax. The corresponding decision was made by the Kingdom's Tax Office (HMRC). Digital assets are not recognized as financial instruments by local officials, so crypto exchanges cannot qualify for benefits. A similar fee...

The head of the Bank of England, Andrew Bailey, has repeatedly stated that he has a negative attitude towards Bitcoin. In his opinion, cryptocurrency has no value. Its value is growing only because more and more people are investing in it. Each BTC holder should remember that, at any time, he can...

Digital Pound Foundation, a separate forum engaged in the development of the U.K's central bank digital currency (CBDC) announced its launch today (October 14). The DPF is formed by tech, innovation, and regulation specialists. Its Chair is Jeremy Wilson, former Vice President of London-based...

The central bank of Britain is carrying out research on CBDC (Central Bank Digital Currency). The institution aims to include various banking and fintech experts to participate in the process. For this purpose, the Bank of England and HM Treasury informed about the membership of its CBDC Engagement...

Today, September 9, UK's Financial Conduct Authority (FCA) published the speech of Charles Randell, Chair of the FCA and Payments Systems Regulator. The release titled "Risks of token regulation", discusses several issues that the regulatory finds are present in the crypto industry. The...

The Advertising Standards Authority (ASA) will strengthen its oversight of crypto-themed advertisements. That was stated by Miles Lockwood, head of complaints and investigations at the ASA. According to him, already in July, the regulator will take several "serious measures" to find and...