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United Kingdom News
Top United Kingdom Stories
Latest United Kingdom News
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Paul Chowles, an operational officer with the UK’s National Crime Agency, has been charged with multiple offenses linked to the alleged misappropriation of Bitcoin during an investigation into online organized crime in 2017. The Crown Prosecution Service authorized Merseyside Police…
BTC
Bitcoin
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Kraken has obtained an Electronic Money Institution license from the UK’s Financial Conduct Authority. The approval allows Kraken to issue electronic money and facilitate faster deposits and withdrawals for UK customers. With this authorization, the exchange can establish partnerships with…
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A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it…
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The UK government has introduced the Crime and Policing Bill, aimed at enhancing the country’s ability to recover proceeds from cryptocurrency-related crime. The bill outlines provisions for valuing cryptocurrency, procedures for courts to recover illicit funds, and expanded powers for…
News
James Howells is considering buying a public landfill where he claims a massive Bitcoin fortune might be buried, but local authorities plan to shut down the site after a court battle.
BTC
Bitcoin
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Coinbase has secured registration with the U.K.’s Financial Conduct Authority, becoming the latest crypto exchange to operate in the country. U.S.-based cryptocurrency exchange Coinbase is back in the United Kingdom as it has secured registration with the Financial Conduct Authority,…
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A Manchester court issued a total of 76 years in prison to seven criminals who stole £100,000 in crypto from a single victim.
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FTSE Russell, a leading global index provider, has partnered with blockchain data infrastructure firm SonarX to expand its digital asset offerings. This partnership will integrate data from over 100 blockchains, including network fundamentals, token supply, staking, and DeFi metrics, into…
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Andreessen Horowitz, the Silicon Valley-based venture capital giant, is planning a pullback from the crypto investing market in the United Kingdom, the Financial Times has reported. Per the report, the crypto arm a16z is closing its London office, with the…
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The Bank of England plans to launch a sandbox designed to test a central bank digital currency or also known as a CBDC.
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Staking will not be considered a collective investment scheme in the United Kingdom, according to a recent amendment by the U.K. Treasury. U.K. Authorities have updated a section of the Financial Services and Markets Act 2000, which regulates financial markets…
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The crypto trading firm and market maker GSR becomes the first crypto liquidity provider to earn regulatory authorizations from both the FCA and Singapore’s MAS. GSR, the global crypto trading firm and market maker, has received approval from the Financial…
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Illegal crypto ads remain widespread as the FCA struggles to crack down, data shows. The British Financial Conduct Authority has failed to remove all illegal crypto ads as nearly half of flagged promotions still online, the Financial Times has learned,…
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UK-based crypto firm Copper Technologies withdrew its registration to the FCA. Instead, its new CEO wants to shift the custodian’s focus towards securing operating licenses in the US and other countries. According to a Bloomberg report, crypto custodian firm Copper…
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A new paper by the UK’s financial watchdog puts the brakes on the crypto industry; effectively banning the issuance of crypto offers by non-regulated entities. In a new report published on Dec. 16, the UK’s financial authority has outlined new…
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New research from the Bank of England suggests that emerging privacy technologies such as zero-knowledge proofs could enhance user control over data in a digital pound. The Bank of England has suggested that zero-knowledge proofs and other privacy-enhancing technologies —…
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Former U.K. minister Steve Baker has been granted approval to take on a new role as an adviser for Bitcoin-focused venture capital firm Axiom. The Advisory Committee on Business Appointments granted former British politician Steve Baker approval to take up...
BTC
Bitcoin
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Binance is facing legal action after a former senior employee claims she was fired for reporting a colleague’s bribery attempt, which she says was disguised as consultative services. A former executive at Binance is suing the crypto exchange in the...
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Officials say the United Kingdom (UK) government is preparing to set a new regulatory framework for the crypto industry, including stablecoin, by next year. The newly formed government of the UK will advance the cryptocurrency regulations after being delayed due...
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The U.K. government plans to unveil draft regulations for the crypto and stablecoin markets in early 2025, Bloomberg has reported. According to the publication, Prime Minister Keir Starmer’s administration aims to establish a regulatory framework for overseeing the crypto industry,...
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Co-founder and CEO of Robinhood, Vlad Tenev, commented on Britain’s hawkish approach to crypto, especially when compared to gambling. In an interview with the Times, Tenev expressed his desire to expand Robinhood’s business into the UK, highlighting its potential to...
BTC
Bitcoin
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British officials are reportedly working on a plan to regulate stablecoins and exempt staking services, aiming to strengthen the country’s appeal amid U.S. regulatory shifts. The British government plans to roll out crypto regulations by December, aiming to retain firms...
Opinion
The UK still has much to offer for digital asset investors, but time is not on the UK’s side, especially after Trump’s win in the US elections.
BTC
Bitcoin
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Bitget has officially re-launched its UK platform, now fully compliant with the Financial Promotions Regime. Cryptocurrency exchange Bitget is coming back to the United Kingdom just six months after suspending its services to new users in the country. In a...
BGB
Bitget Token
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The UK’s Financial Conduct Authority has successfully prosecuted two men involved in a £1.5 million cryptocurrency investment fraud scheme that targeted 65 investors. Raymondip Bedi and Patrick Mavanga deceived potential investors by promising high returns through fraudulent crypto investment platforms,...
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The UK is expected to introduce laws regulating stablecoins within a few months, according to a spokesperson from Circle. Circle, the issuer of the USD Coin (USDC), anticipates these laws will be in place soon, as stated in a CNBC...
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The FCA is defending its stringent crypto firm registration process despite concerns that the approach may hinder innovation. The U.K. Financial Conduct Authority is reaffirming its commitment to a rigorous registration process for crypto businesses, addressing concerns that these tough...
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Blockchain.com executives face prosecution, with court proceedings underway as Companies House intensifies its enforcement measures. British crypto provider Blockchain.com is facing legal action after two senior executives were charged over the company’s failure to file accounts on time, The Telegraph...
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A London trader has pleaded not guilty to operating an illegal crypto ATM business and laundering $395,000 in criminal cash. Habibur Rahman, a crypto trader from East Ham, London, has pleaded not guilty to charges related to operating an illegal...
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A wide array of digital pieces and crypto-inspired art will be featured at Frieze London 2024 this week. Crypto.news brings you the highlights with selections from the Lumen Prize, Asprey’s Sigg Art Prize, Christie’s, and many more! Frieze London, an...
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Bank of England warns that failure to modernize central bank money could shift wholesale settlements to private assets, potentially risking financial stability. A Bank of England executive warns that failing to adapt central bank money to emerging technologies could push...
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ETP issuer Valour has launched a fully backed Ethereum staking ETP on the London Stock Exchange, marking a pivotal step for institutional access to decentralized finance in the U.K. Valour, a Swiss digital asset investment firm run by DeFi Technologies...
ETH
Ethereum
