UK “Disagrees” with Crypto Gambling Regulation
The Treasury Committee of the House of Commons has proposed regulating cryptocurrencies like gambling, an idea that has been roundly rejected by HM Treasury, the United Kingdom's economic…
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The UK’s Law Commission has proposed recognising crypto as a distinct form of property
The establishment of expert panels and the introduction of a legal framework for crypto collateral arrangements are two additional suggestions made by the Law Commission.
In a report…
Binance’s UK company registration has been cancelled due to a lack of activity
Binance claimed that its deregistration with the FCA had no practical consequences since the company has never conducted any business in the United Kingdom.
Binance, a cryptocurrency…
UK Labour Party member said AI should be controlled like nuclear power and healthcare
An influential Labour Party politician in the United Kingdom has called for AI to be licenced and controlled like the pharmaceutical and nuclear industries.
A representative of…
Bitcoin stored on exchanges in the United Kingdom may soon be subject to collection by tax officials
Companies that fail to pay their cryptocurrency taxes might have their cryptocurrency assets seized under new legislation proposed by HM Revenue and Customs (HMRC).
To better prepare for…
The UK’s financial watchdog stated to the crypto industry, “Let’s work…
In order to go ahead with legislation, the Financial Conduct Authority is seeking feedback from the cryptocurrency industry.
The Financial Conduct Authority (FCA), Britain's financial…
The CEO of deVere criticizes the UK banks’ crypto enforcement as an “overreaching…
Major institutions in the United Kingdom have been criticized for imposing restrictions on clients who invest in cryptocurrencies.
Nigel Green, the chief executive officer of deVere…
UK Financial Institutions Slow Down Government’s Crypto Goals
Both HSBC and NatWest restrict cryptocurrency purchases to platforms only. Crypto businesses are having trouble opening bank accounts.
Rishi Sunak, the Prime Minister of Britain, has…
UK banking regulator will propose crypto issuance, and holding regulations once Basel 3 completed
Under the currently pending Financial Services and Markets law, the Bank of England's Prudential Regulation Authority will promote worldwide economic development.
Bank of England (BOE)…
All UK Crypto ATM Companies Are Illegal, Declares the FCA
Less than two months have passed since Elliptic, a blockchain analytics startup, published a report predicting crypto regulations for this year. As global regulators tighten their grip on…
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