United Kingdom Financial News

11.01 / 05:41

financial conduct authority Spot Crypto ETFs approved US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit

It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs . Crypto enthusiasts around the world are looking on excitedly. Unfortunately, a similar product for UK investors is highly unlikely to be approved, according to one financial advisor.

29.11 / 19:47

business Blockchain Tokens Digital Asset copper Former British Chancellor's crypto firm Copper launches tokenized securities platform

London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand.

29.11 / 12:58

regulation Taxes UK crypto UK crypto hodlers get a call from the tax grinch

His Majesty’s Revenue and Customs (HMRC) has issued a stern warned crypto users that they must declare and pay their taxes on digital assets within a strict timeframe, or face the consequences. The tax office issued guidance on how to go about declaring and paying taxes on their crypto holdings published on Nov. 29, starts with a clear warning:

28.11 / 20:19

business Funding NVIDIA Quantum Computing Oxford quantum computing spinout announces $100M funding round led by Japan’s SBI

Oxford University physics spinout Oxford Quantum Circuits (OQC) recently announced the launch of Toshiko, a 32-qubit quantum computing services platform, alongside a $100-million Series B funding round led by Japan’s SBI Group’s investment arm.

26.11 / 19:05

Ethereum Investments Taxes ATM Bitcoin How To How to buy Bitcoin and Ethereum in the UK

To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks.

25.11 / 02:21

Adoption UK government Digital Asset Management Asset management UK regulator advocates for asset managers to tokenize funds

Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems.

21.11 / 14:00

business Stablecoin regulation Tether Court Tether’s bank partner Britannia sued over $1B deposit: Report

Tether’s bank partner Britannia Financial is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a large deposit from Tether.

14.11 / 16:59

Government regulation policies UK crypto Crypto Policy Bim Afolami takes the reins on UK crypto policy as new Economic Secretary

King Charles II has approved the appointment of Member of Parliament Bim Afolami to the position of economic secretary to the Treasury of the United Kingdom.

09.11 / 10:53

Cybersecurity Cyber Chinese president calls for unity on AI challenges and cyber development

Chinese President Xi Jinping addressed an audience on Nov. 8 at the World Internet Conference Summit in Wuzhen, China calling for international cooperation on risks posed by artificial intelligence (AI).

09.11 / 10:19

business Adoption Standard Chartered’s venture arm to set up crypto fund in UAE

SC Ventures, the fintech investment arm of British bank Standard Chartered, will establish a “Digital Asset Joint Venture” investment company in the United Arab Emirates in partnership with a Japanese financial conglomerate, SBI Holdings.

09.11 / 00:40

business Gemini Self Custody Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation

Crypto exchange Gemini newly announced measures to comply with the controversial crypto Travel Rule in the United Kingdom reflects a “worrying creep” toward overregulation and will strip customers of their freedom for self-custody, according to a Trezor anal

08.11 / 15:13

regulation Taxes How To Returns How to manage crypto losses on tax returns in the US, UK and Canada

Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to understand how crypto losses are taxed and their potential impact on tax liability. Whether new to crypto trading or with years of experience, reporting income and paying applicable taxes in compliance with local regulations is essential.

08.11 / 10:35

business Robinhood Europe Robinhood eyes European expansion amid Q3 revenue drop

Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7.

06.11 / 22:23

Stablecoin regulation Bank of England UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as did the Bank of England (BOE). To accompany those, the BOE’s Prudential Regulatory Authority (PRA) released a letter to CEOs of deposit-taking institutions, and the BOE released a “cross-authority roadmap” to link them together.

06.11 / 10:11

business Blockchain Technology UK government stock exchange London London Stock Exchange seeks digital assets director

The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it's seeking a director of digital assets.

03.11 / 19:33

regulation UK government elon NOT DeepMind co-founder chides Elon over UK AI summit comments: ‘He’s not an AI scientist’

Mustafa Suleyman, the CEO of Inflection AI and co-founder of Google’s DeepMind, had some strong words for Elon Musk during a post-event interview with the BBC after the recent United Kingdom artificial intelligence (AI) summit concluded on Nov. 2.

03.11 / 14:41

us government UK government UK AI Safety Summit: Musk likens AI to ‘magic genie,’ says no jobs needed in future

The United Kingdom’s global summit on artificial intelligence (AI) safety, the AI Safety Summit, concluded on Nov. 2 with a one-on-one chat between U.K. Prime Minister Rishi Sunak and billionaire Elon Musk.

03.11 / 10:11

Adoption Fraud crypto experts 5 nations challenge crypto experts and investigators to target tax crimes

The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in “The Cyber Challenge” event to track down individuals and organizations committing tax fraud.

02.11 / 17:03

regulation Digital Asset advertisement guidance UK crypto compliance FCA releases guidance for compliance with new UK crypto asset promotion rules

Rules for crypto asset promotion that came into force in the United Kingdom on Oct. 8 have led to some confusion, judging from the low level of compliance. The Financial Conduct Authority (FCA) responded with additional guidance for crypto firms to help them fall into line.

02.11 / 14:07

Artists Over half of musicians concerned over audience perception of AI use: Survey

As artificial intelligence (AI) continues to be pervasive in global industries, the music industry has been receptive to its transformative capabilities while remaining cautious about the risks to artists.

02.11 / 09:41

Research UK government Supercomputer UK to invest 300M pounds in 2 AI supercomputers, Harris presses for AI safety

The United Kingdom announced on Nov. 1 after the conclusion of the first day of its global “AI Safety Summit” that it will increase funding for two artificial intelligence (AI) supercomputers to 300 million pounds ($363.57 million).

what's happening in United Kingdom

What is the current situation in United Kingdom?

In United Kingdom, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about United Kingdom?

We publish verified updates about the situation in United Kingdom, based on information from trusted sources.

What shapes the media agenda in United Kingdom?

The news landscape of United Kingdom is shaped by key decisions by local authorities, reflecting its unique context.