United Kingdom News

The British financial regulator has fined crypto exchange Coinbase $4.5 million for “repeatedly breaching” a requirement that prevented it from serving “high-risk customers.” American cryptocurrency exchange Coinbase has been hit with a £3.5 million (around $4.5 million) fine as the…

Brevan Howard Asset Management’s crypto fund has gained 20% in H1 2024 as institutional investors turned to crypto amid rising prices. BH Digital, a crypto hedge fund which manages $2.3 billion, has boosted its assets under management by roughly 20%…

A recent report from the United Kingdom’s Law Commission has concluded decentralized autonomous organizations (DAOs) need to be regulated under existing financial regulations and tax frameworks. Published on July 11, the research paper stated there’s no immediate requirement to create…

The British FCA alongside the Metropolitan Police Service has arrested two individuals, suspected of running an illegal multi-billion crypto exchange. The Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, has arrested two residents of London suspected of…

The United Kingdom will hold its first election in five years, potentially changing the landscape of crypto policy in the region. On May 22, British Prime Minister Rishi Sunak announced that the United Kingdom elections will be held on July…

The British arm of Interactive Brokers, known as Interactive Brokers U.K. Limited (IBUK), has launched cryptocurrency trading for its clients. According to a press release on Businesswire, IBUK’s investors and financial advisors can start trading Bitcoin (BTC), Ethereum (ETH), Litecoin…

Digital fintech app Revolut has reportedly started onboarding experienced traders on its cryptocurrency exchange dubbed Revolut X. British fintech company Revolut has started what appears to be a phased introduction of its crypto exchange, Revolut X, as part of its…

The UK government has enacted enhanced powers for the National Crime Agency and police to seize and freeze crypto used by criminals. The British National Crime Agency (NCA) will no longer be required to make an arrest before seizing crypto…

A digital pound has been touted as a cheaper, faster, and more modern way of making payments — but not everyone’s in love with the idea. The U.K. recently doubled down on its pledge to become a “global hub” for…

Britain’s last attempt, which included plans to create an NFT, ended in tears. Two years on, and there’s another big challenge on the horizon. The U.K. government has announced it’s taking another swing at fulfilling its ambition of transforming Britain…

Barclays, HSBC, and Citi, among other U.K. financial institutions, are embarking on a joint venture to pilot tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits aimed at enhancing…

Sticking to the new rules of the UK’s FCA crypto advertisement is necessary to avoid losing money and successfully operate in the British defi market.

Kraken exec Bivu Das spoke at the Digital Asset Summit in London about how Bitcoin ETFs are restricted in the UK.

The United Kingdom Treasury has released a consultation paper detailing proposed changes to money laundering regulations, with significant implications for the regulation of crypto assets.  These amendments are motivated by the outcomes of a comprehensive review of the Money Laundering,…

Recent data revealed by TRM Labs shows U.K. residents have been losing £15,000 on average to crypto scams since October 2022, leading to regulatory and public awareness measures. British residents have been losing on average under £15,000 (nearly $20,000) since…

The main stock exchange in the United Kingdom is set to start accepting applications for crypto-tied exchange-traded notes. The London Stock Exchange (LSE) revealed in a press release on on Mar. 11 that it will start accepting applications for the…