Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly.
UK Government News
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The FCA has outlined a roadmap to help asset managers adopt blockchain and tokenization, aiming to boost efficiency and competition.
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EU lawmakers have sought to introduce Chat Control, while the UK and Australia are on track for digital ID systems. Pavel Durov warns that these “dystopian” measures must be stopped.
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The UK has lifted its four-year ban on crypto exchange-traded notes, with analysts predicting the move could grow the UK crypto market by 20%.
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The UK has again ordered Apple to open access to encrypted iCloud backups for British users, a move that could expose crypto wallet keys to hacking.
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UK authorities could keep $6.4 billion in seized Bitcoin profits instead of compensating fraud victims at the current value, sparking a debate over asset recovery ethics.
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Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks.
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US President Donald Trump and UK Prime Minister Keir Starmer signed a memorandum of understanding on Thursday during Trump's state visit to the United Kingdom.
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The UK’s Financial Conduct Authority seeks comments on whether Consumer Duty, a rule requiring companies to deliver good consumer outcomes, should apply to crypto.
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UK crypto and payments groups urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce.
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The petition, made in July, reached more than half of the required signatures for a government response after Coinbase sent out a push notification to its users.
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Whale selling, $390 million in leveraged longs at risk, and surging UK bond yields test Bitcoin’s fragile support ahead of a pivotal US jobs report.
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Over a quarter of Brits said they’d add crypto to their retirement portfolios, while 23% would even withdraw existing pension funds to invest in the space.
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Vienna-based Bitpanda is eyeing Frankfurt or New York for a future listing, with its co-founder warning that London’s IPO market is too illiquid to attract investors.
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The UK sanctioned Kyrgyz banks, crypto exchanges and individuals tied to Russia’s ruble-backed stablecoin.
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