Tag: uk

Nov 28 2022

Cryptocurrency Fraud in UK Rises by 32% to $270m

In one year, the value of financial losses due to cryptocurrency fraud increased by 32%, according to data from the UK Police Action Fraud unit seen by the Financial Times.

From October 2021 to September 2022, losses from

Nov 08 2022

Britain’s Bitcoiners Are A Ray Of Hope In Bitcoin No Man’s Land

At a new major annual conference, speakers and attendees point the way for the U.K. out of Bitcoin limbo.This is an opinion editorial by Bitcoms, a writer and British Bitcoiner."I made the joke on stage that as far as Bitcoin goes, I don't think of myself as being from Edinburgh -- I think myself as being from Twitter," says writer Allen...

Nov 04 2022

Santander UK Bank Puts Monthly Limit On Transactions To Crypto Exchanges

Santander UK has put a per transaction limit as well as a total monthly restriction on the amount that users can transfer to crypto exchanges. Santander UK Bank Says Investing In Crypto Can Be High Risk The United Kingdom branch of the banking giant Banco Santander yesterday posted a notification for its customers, where it alerted users that...

Oct 26 2022

Rishi Sunak Is Now British Prime Minister – What This Means For Crypto

Oct 26 2022 Published at Bitcoinist.com under tags  adoption bitcoin btc btcusd crypto

Rishi Sunak, a Southampton-born British politician, is the new Prime Minister of the United Kingdom. He replaced Liz Truss who resigned from her position after just 44 days in public service. The newly installed prime minister has compiled quite a resume, having served as Chancellor of Exchequer from 2020 to 2022 and Secretary to the Treasury from 2019 to 2020. Since 2015,...

Oct 25 2022

U.K. Seeks To Regulate Bitcoin, Crypto Similar To Current Financial Instruments: Report

The bill looks to place bitcoin and digital assets under existing financial instrument law enabling existing regulatory infrastructure to build a framework.The Financial Services and Markets bill passes the House of Commons, heads to the House of Lords. Draft bill seeks to establish digital assets, such as bitcoin, as regulated financial instruments. Lawmakers are consulting with stakeholders and industry leaders...

Oct 24 2022

UK Prime Minister Receives Plaudits From Tech and Crypto Experts

Oct 24 2022 Published at Coinscreed under tags  crypto digital skills news uk

Rishi Sunak, who used to be the UK's finance minister and was known as "Dishy Rishy" for his cheap meal plan during the pandemic, is now UK Prime Minister, and the tech community is cautiously optimistic. After Lizz Truss failed to take over from disgraced Boris Johnson after 44 days, candidates had until 2 p.m. […] The post...

Oct 22 2022

UK financial services bill amendment regulates crypto activities

Oct 22 2022 Published at Coinscreed under tags  crypto cryptocurrencies fca uk

The Financial Conduct Authority will now have the authority to regulate operations involving crypto assets if the updated bill is approved. The bill already addressed stablecoin regulation from the outset. A change to the Financial Services and Markets Bill, which is now being debated in the UK Parliament, would allow for the regulation of crypto […] The post...

Oct 17 2022

Celsius Bankruptcy Judge To Refer UK Crypto Consultation Paper? Here’s Why

Oct 17 2022 Published at Coingape under tags  celsius news uk

The chief U.S. bankruptcy judge who oversees Celsius case suggested that the Court could refer to UK crypto consultation paper. In a document filed on Monday, Glenn said there are no controlling legal precedents related to cryptocurrencies.

Oct 16 2022

UK Crypto Boom – Over 50% Of Top British Banks Facilitate Digital Currency Transactions

Oct 16 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd crypto cryptocurrency

Crypto assets are enjoying the lenient stance that the United Kingdom government is maintaining regarding ownership, usage and trading of digital currency assets. Unlike countries such as Algeria, Bangladesh, Bolivia, Egypt, Indonesia and Ghana where virtual currency is banned, the UK left its doors open for the highly volatile asset class. The study results are timely, since the UK is currently working to...

Oct 14 2022

UK Government To Clamp Down On Terrorism Crypto Funds

Oct 14 2022 Published at Coinscreed under tags  crypto fund news #terrorist uk

UK government wants to make planned changes to the Economic Crime and Transparency bill so that authorities can quickly seize crypto assets linked to terrorist activities. The UK Government wants law enforcement to seize crypto assets used to fund terrorism easily. The Home Office Department, which is in charge of immigration and crime, wants to […] The post...

Oct 13 2022

Bitcoin Is The Ultimate Freedom, Says Former EU MP Nigel Farage

The former Member of the European Parliament drew parallels between leading a “political insurgency” with Brexit and the opposition Bitcoin experiences today.Any new idea automatically faces the opposition of the establishment, said former Member of the European Parliament, Nigel Farage, on a panel at Bitcoin Amsterdam on Thursday.That argument served as the introduction to...

UK To Adopt Blockchain As Storage Option For Trade Documents

Oct 13 2022 Published at Coinscreed under tags  blockchain news uk uk treasury committee

On Wednesday, the House of Lords passed the Electronic Trade Documents Bill that would eventually use Blockchain technology as a storage option. The government of the United Kingdom has passed a bill that could lead to it using blockchain technology to store documents. In a press release, the government says that it wants to move […] The post...

Oct 01 2022

Bitcoin Volume Spikes With Market Uncertainty In The UK

Is bitcoin diverging from traditional markets? Are people starting to wake up to the fact that the fiat system will not save them in times of crisis?The below is a direct excerpt of Marty's Bent Issue #1269: "Interesting reaction out of the U.K." Sign up for...

Sep 27 2022

Revolut Awarded The U.K’s 38th Crypto License By FCA

Revolut fully approved by the U.K.'s FCA as a crypto business.

Sep 24 2022

UK Introduced The ‘Seize, Freeze and Recover’ Crypto Bill

Sep 24 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto crypto news uk

The government of the United Kingdom introduced the "Seize, Freeze, and Recover" crypto asset bill into Parliament. This new bill provides law enforcement agencies with more power to seize, freeze, and recover crypto assets. The bill specifically targets those who are engaged in criminal activities...

Sep 22 2022

Proposed U.K. Legislation Would Enable Harsher Crackdowns on Crypto Crime

Sep 22 2022 Published at Crypto Briefing under tags  news uk

The U.K. has introduced a bill that will allow it to take stronger actions against illegal finance and cryptocurrencies. Legislation Will Allow for Crackdowns U.K. lawmakers have introduced legislation titled...

Sep 21 2022

U.K. Authorities Press On With Crypto Hub Plans

Plans to position the U.K. as a crypto hub continue despite the change in government officials.

Sep 05 2022

Newly Elected UK Prime Minister Lizz Truss Has Previously Shown Support For Crypto

Summary: Liz Truss is set to emerge as the next Prime Minister of the United Kingdom. Truss secured the Conservative Party leader seat ahead of Rishi Sunak, former Treasury Head. Tweets from 2018 suggest pro-crypto sentiment from Truss but the lawmaker has not explicitly laid out "crypto-friendly" regulatory plans. Sunak's regime was more publicly pro-crypto with a regulatory packet that included stablecoin regulations,...

Aug 17 2022

Double-Digit Inflation: Uk Bitcoin Traders Expresses Concerns

Aug 17 2022 Published at Coinscreed under tags  bitcoin economy inflation news uk

The Bank of England could raise interest rates more quickly, which could make the dollar weaker and cause Double-Digit Inflation. The cost of living in the U.K. went up by 10.1% in July, according to a government report released on Wednesday. This is the first time since COVID-19 that the UK has hit Double- Digit Inflation […] The post...

New Stablecoin Rules Enter UK Crypto Industry

Aug 17 2022 Published at Coinscreed under tags  crypto digital assets featured stablecoin uk

A proposed bill could give U.K. regulators more control over crypto assets like stablecoin that are used for payments, but it's not clear yet how the rules will be interpreted. Most crypto supporters in the U.K. are happy about a new bill that could include digital assets like stablecoin in the rules that govern local […] The post New Stablecoin...

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