Britain Financial News

The UK Government in April pledged to introduce rules that would position the UK as a global hub for cryptoasset technology. Consultation proposals include strengthening rules for crypto trading platforms and a "robust world-first" regime for crypto lending by tightening the rules around financial intermediaries and custodians.

PwC is pushing into the UK financial sponsors space after hiring a senior dealmaker from mid-market specialist Houlihan Lokey.

The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis.

The jobs, both at HSBC's Global Private Banking and Wealth (GPBW) business and both based in the UK, are currently being advertised on the bank's website.The global product manager for digital assets will be responsible for the smooth running of all activities via the creation, optimisation and running of governance and policy."Because digital assets is a new topic and strategic & risk appetite considerations are evolving quickly, the product manager for digital assets will be required to build strategic frameworks and policies to help drive complex business, project and governance decisions," says the ad.Meanwhile, the product director, tokenisation will focused on asset tokenisation use cases, "required to make complex business and project decisions, that contribute to a high value, strategic initiative".Applications for both jobs close on 13 February.

Former senior KPMG corporate finance partner Jonathan Boyers is set to join US advisory firm Alvarez & Marsal to launch a UK M&A business.

A partnership between Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a "crypto hub" and is in line with the government's push to use stablecoins for wholesale settlements.

KPMG UK chief executive Jon Holt said the firm remains committed to its multidisciplinary approach and will not break up despite rival EY’s plans to split.

KPMG UK’s average partner pay increased 10% to £757,000 for its last financial year after the firm boosted revenue by 12% to £2.7bn.

Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform.

Activist investor Quintessential Capital Management has become the latest hedge fund to take out a short position against cybersecurity firm Darktrace.

Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law.

Former senior KPMG corporate finance partner Jonathan Boyers is set to join US advisory firm Alvarez & Marsal to launch a UK M&A business.

The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.

Barclays is set to cut bonuses for dealmakers by up to 40%  this year, following Wall Street rivals by squeezing pay for investment bankers after a slump in fees.

Ruja Ignatova, the Bulgarian fugitive behind the $4 billion fake cryptocurrency scam, is suspected to have resurfaced her London apartment was recently listed for sale, five years after she disappeared.

JPMorgan’s investment bank reigns supreme. It is a juggernaut backed by a fortress balance sheet that has dominated league tables for over a decade, and regularly looks to topple rivals in sectors and countries where it doesn't lead the pack.

On January 29, Bitcoin price has surged over 2.5%, with the leading cryptocurrency reaching a price of over $23,500. The surge in bitcoin’s price has been fueled by institutional buying and the expectation of further adoption. 

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

Yesterday we announced that due to unsuccessful funding and difficult market conditions, Mode will be winding down its services. As a result of this, we kindly ask customers to move their funds from the app. After you remove your funds, we will close your account automatically.

City leaders across trading, banking, and hedge funds were among the highest UK taxpayers last year.

City leaders across trading, banking, and hedge funds were among the highest UK taxpayers last year.