United Kingdom Financial News

02.11 / 08:15

Adoption regulation Cybersecurity Cybercrime investigation UK seeks six crypto investigators to beef up National Crime Agency

Reacting to the rising attempts by bad actors to dupe crypto investors, the United Kingdom’s National Crime Agency (NCA) plans to form a specialized cryptocurrency and digital assets team to counter the issue.

01.11 / 15:07

business Stablecoin Podcast Entrepreneur Bitcoin Meet the 13-year-old student selling sneakers for Bitcoin: The Agenda podcast

Footwear has long been a critical element of culture and fashion worldwide. For some, shoes exist only to protect one’s feet from the elements; but for others, they are the most critical part of a wardrobe. Sneakers, in particular, have developed a cult following, with some ultra-rare pairs selling for tens of thousands of dollars.

01.11 / 15:07

Payments regulation PayPal Bitcoin UK crypto PayPal scores UK crypto license after brief local Bitcoin buy halt

Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.

01.11 / 15:07

regulation us government UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk

The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China.

31.10 / 13:23

Snapchat TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content

A coalition of major social media platforms, artificial intelligence (AI) developers, governments and non-governmental organizations (NGOs) have issued a joint statement pledging to combat abusive content generated by AI.

30.10 / 20:43

Binance regulation Tether FTX ATM SBF claims innocence, contradicts other witnesses: Law Decoded

Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto exchange through Alameda Research. It was former chief regulatory officer Dan Friedberg who provided him with the papers setting up the firm, which he signed without question, SBF claimed.

30.10 / 12:03

Technology G7 countries to launch AI code of conduct: Report

The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for developers on Oct. 30, according to a report by Reuters.

30.10 / 12:03

Stablecoin regulation UK publishes plans for stablecoins regulation

The United Kingdom government presented an update on its plans to regulate fiat-backed stablecoins. The document, published on Oct. 30, aims to facilitate and regulate the use of fiat-backed stablecoins in U.K. payment chains.

30.10 / 11:33

regulation Bitcoin Singapore plans joint crypto pilots with Japan, Switzerland and UK

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.

30.10 / 09:49

regulation Bitcoin Standard Chartered-owned crypto platform Zodia launches in Hong Kong

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong.

30.10 / 00:47

Adoption NFT Payments regulation UK government UK risks regulating NFTs the wrong way, says Mintable CEO

The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.

27.10 / 20:00

business Blockchain defi hacks Uniswap Token Burn Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

27.10 / 12:43

Artificial Intelligence Israel Hamas war Tether freezes 32 addresses linked to terrorism and warfare in Israel and Ukraine

Tether, which issues the world’s largest stablecoin of the same name, says it has frozen 32 crypto wallets, containing $873,118.34 (€828,632.96), that were found to be linked to illicit activity in Israel and Ukraine.

27.10 / 03:25

Adoption Bitcoin Bitcoin Price Bitcoin Trader ‘Buy Bitcoin’ search queries on Google surge 826% in the UK

Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.

26.10 / 14:41

Law regulation crimes Bitcoin UK passes bill to enable authorities to seize Bitcoin used for crime

Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.

26.10 / 02:41

business regulation marketing Crypto firms have already breached new UK promo rules 221 times, says FCA

Crypto-promoting firms have breached the United Kingdom’s new crypto marketing rules at least 221 times since coming into force in early October, says the country’s financial regulator.

25.10 / 12:37

business regulation compliance UK’s FinProm a welcome change, but challenge persists: Transak compliance head

On Oct. 8, the United Kingdom’s Financial Conduct Authority (FCA) imposed new marketing rules compelling cryptocurrency firms to promote their products and services clearly, fairly and transparently.

25.10 / 02:11

Government Law defi regulation UK government Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule

Marinade Finance, the largest decentralized finance (DeFi) protocol running on the Solana blockchain, has reportedly started blocking users from the United Kingdom. Customers in the U.K. discovered the problem on Oct. 23 while trying to access Marinade’s website from local IP addresses and were met with this message:

19.10 / 19:45

regulation Europe privacy European Union Court US surveillance and facial recognition firm Clearview AI wins GDPR appeal in UK court

U.S. surveillance and facial recognition firm Clearview AI has won a court appeal in the United Kingdom after being accused of alleged infractions related to the U.K’s general data protection regulation (GDPR).

18.10 / 09:33

Technology regulation European Union UK to target potential AI threats at planned November summit

The United Kingdom will be hosting the world’s inaugural international summit on artificial intelligence (AI) safety in November 2023. This event seeks to establish the U.K.’s presence as a mediator between the United States, China and the European Union in the critical field of technology post-Brexit.

17.10 / 10:43

Law regulation UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income

British citizens who hope to access legal assistance through the proposed “Help with Fees” (HwF) scheme will not have cryptocurrency holdings classified as disposable income.

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