UK Government News

The former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading.

With the ultimate goal of integrating its digital economic space with the EU, Ukraine plans to expand its interstate blockchain network partnership with other countries.

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 stablecoin collapse.

Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud.

The new campaign spanning buses and train stations across the city comes only a few weeks after regulators banned the previous ads from marketing run Floki Inu conducted in 2021.

The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets,” upping its budget by $31 million in preparation.

The Royal Mint NFT featured in a series of announcements aimed at making the U.K. a global crypto hub, with officials saying the NFT is “an emblem” of the approach the U.K. “is determined to take.”

A bundle of interrelated documents reminds financial institutions of their responsibilities and looks at the state of crypto regulation in the U.K.

The chief of NCA claimed that coin mixing services offer a layer of anonymity and protection to criminals looking to launder and wash their “dirty” funds.

Every day, people are seeing “live” why sanctions matter. “Everyone is starting to rethink the importance of compliance and crypto.”

The FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months, "many of which may be scams."

A total of 200 crypto firms have applied for the U.K.’s “crypto license,” but tough requirements have forced many to withdraw their applications.

Bitpanda said the Trustology acquisition would be the first step toward launching its prime brokerage service Bitpanda Pro.

Binance lost access to the sterling payment network in July; however, the Paysafe partnership opened the gates to restricted services.

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the U.K.," said the executive director of CryptoUK Ian Taylor