UK News and Articles

On June 26, the UK's Financial Conduct Authority (FCA) published a consumer warning on banning the crypto exchange platform Binance from delivering operations in the country. The decision refers to Binance Markets Limited (BML) and the main company Binance Group. The regulatory body didn't clarify...

United Kingdom retail and commercial National Westminster Bank, otherwise called NatWest stated it won't provide services to business clients that allow payments in cryptocurrencies. British news and website the Guardian published the news on April 21. Morten Friis, NatWest's head of risk...

Today Bank of England's official website disclosed that together with HM Treasury the entity will build a CBDC (Central Bank Digital Currency) task force, which aims to organize the examination of a possible UK CBDC. There was noted in the release that the financial influencers haven's decided yet...

The UK Internal Revenue Service (HMRC) has published an updated guide to cryptocurrency transactions. The new document brings together guidelines for businesses and individuals. For the first time, it touches on loans secured by cryptocurrencies and staking. According to the ministry's explanation,...

The regulatory agency of the United Kingdom, Financial Conduct Authority (FCA) said that crypto assets firms refer to the class of organizations that must deliver financial reports of crime (REP-CRIM) annually. We have published our policy statement, which will see #crypto asset businesses added...

UK citizens will pay $ 571 million for cryptocurrency fraud. The corresponding decision was made this week by the New York District Court. The Commodity Futures Trading Commission (CFTC) initiated the lawsuit. According to the American regulator, a resident of Manchester, Benjamin Reynolds,...

UK advertisements regulator forbade a newspaper ad given by crypto trading platform Coinfloor. The reason for the ban was the irresponsible promotion of BTC as an investment to pensioners. The ad was posted in a December release of the local newspaper the Northamptonshire Telegraph. A member of...

The Treasury of the United Kingdom issued a report related to cryptocurrencies. There XRP is considered to be non-security. The script categorizes XRP, Ether, and BTC as forms of exchange. Not being either electronic money or security assets, they are not regulated. Her Majesty's Treasury cited...

UK financial regulator FCA (Financial Conduct Authority) informed that the digital asset organizations that didn't manage to register, have the opportunity to work under limited-period licensing terms for 6 months as the regulator faces some issues with a stockpile of requests. FCA stated that the...

Binance will launch a digital asset trading platform in the UK. It will target both retail and institutional investors. The unit will be regulated by the local FCA regulator, reports Reuters. Binance.UK will support 65 crypto coins, which will be denominated in euros and pounds. Deposits and...

The UK Financial Conduct Authority has warned investors that the BitMEX cryptocurrency derivatives exchange has not received permission to operate in the country and could potentially conduct fraudulent activities. The regulator recalled that almost all companies and individuals offering financial...

The Financial Conduct Authority of Great Britain (FCA) has published the final version of the cryptocurrency assets manual, indicating which of them fall under its jurisdiction. Most of the published rules were submitted in January of this year, and, as expected, the final wording does not contain...