UK Government News

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.

The government plans to implement the ban by amending the Representation of the People Bill, with changes taking "retrospective effect" from Wednesday.

A UK review led by Philip Rycroft recommended a temporary moratorium on crypto political donations until stronger safeguards and statutory guidance are in place.

The UK has a unique opportunity to merge the best of the EU’s MiCA framework and the US GENIUS Act, Circle’s Dante Disparte told the House of Lords committee on Wednesday.

A UK parliamentary committee urged an immediate moratorium on crypto political donations until stronger safeguards are in place.

Ben Delo paid a $10 million fine after pleading guilty to US banking violations in 2022 and was granted a pardon by President Donald Trump in March 2025.

Any rollout would still require strict affordability and suitability checks, and crypto activity would need FCA authorization, Gambling Commission executive Tim Miller said.

The Reform UK party was the first to accept crypto donations in May last year, with leader Nigel Farage announcing the group is accepting Bitcoin and other cryptocurrency contributions.

The UK Financial Conduct Authority selected Monee, ReStabilise, Revolut and VVTX to test stablecoin issuance and payments in its regulatory sandbox beginning in Q1 2026.

The US Treasury sanctioned two UK-registered crypto exchanges tied to Iran, in OFAC’s first move against digital asset platforms under Iran sanctions.

The parliamentary inquiry comes as regulators warn that stablecoins could drain bank deposits and reshape payments.

Coinbase’s musical ad depicting a run-down UK, which was already blacklisted from TV, has reportedly seen a wider ban by the country’s ad watchdog for being “irresponsible.”

In October 2025, the FCA stressed that companies must hold the correct permissions and comply with strict marketing and consumer protection rules before offering crypto ETNs.

The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector.

The UK is weighing an Australia‑style ban on social media for under‑16s, as regulators ramp up enforcement of the Online Safety Act.