The UK finance ministry is expected to launch a public consultation on the attributes of a digital pound in the coming weeks. However, Britain’s financial services minister Andrew Griffith has stressed the importance of getting […]
The UK has formally announced its plans to regulate the cryptocurrency industry, with the government looking to rein in some of the reckless business practices that characterise the “turbulent industry”. The government has therefore proposed […]
In a new report, the cross-party Committee of MPs said that cryptocurrencies such as Bitcoin have “no intrinsic value and serve no useful social purpose”, while consuming large amounts of energy and being used by […]
The Bank of England must consider data privacy and financial stability concerns within its proposed design for a “digital pound”, the Treasury Committee has said in a report. In 2020, the Bank of England said […]
The UK Treasury has announced it will implement “firm and proportionate” regulatory rules for crypto firms starting in 2027. The new rules mean that cryptoassets firms will need to be regulated by the Financial Conduct […]
The UK government has ramped up its crackdown on sanctions circumvention on the part of Russia-linked financial networks as it for the first time extended one of its Russia sanctions regimes into crypto assets. UK […]
TLDR The UK sanctioned HTX, formerly Huobi Global, over alleged support for Russia-linked financial networks. The sanctions are part of a wider package targeting 18 entities and individuals tied to Russia. UK firms are barred […]
“Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA,” the regulator said. “No other entity […]
The price of cryptocurrency started booming near the start of the Covid-19 pandemic leading many people to start investing in the highly volatile currencies. But the past year has seen wild fluctuations in the price […]
The Treasury Committee, which is formed from a cross-party group of MPs, said that swift seizure of cryptoassets from criminals could help to dampen further illegal activities as the proceeds of crime are increasingly held […]
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