United Kingdom Financial News

14.07 / 22:45

Law regulation International Financial UK financial watchdog exec hints at importance of international collaboration on crypto regulation

The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies.

13.07 / 23:57

Law regulation Smart Contracts UK court allows lawsuit to be delivered via NFT

According to a Tuesday notice from U.K. law firm Giambrone & Partners, a case brought by Fabrizio D’Aloia against Binance Holdings, Poloniex, gate.io, OKX, and Bitkub over allegations someone was operating a fraudulent clone online brokerage has resulted in a legal precedent offering a digital solution to serving someone. On June 24, the judge in the case allowed parties to be served by airdropping NFTs into wallets originally held by D’Aloia but stolen by unnamed individuals.

13.07 / 21:53

Law regulation UK treasury committee UK Treasury Committee opens inquiry into crypto industry

The Treasury Committee of the United Kingdom’s House of Commons has called on the public to submit evidence related to the role of crypto’s risks and opportunities.

13.07 / 12:31

European Union abortion rights rights 'Demoralising and scary': Women in UK react to US reversal of abortion rights

From Olivia Rodrigo to Lily Allen, Kendrick Lamar to Billie Eilish, musicians and artists at Glastonbury, devastated and furious, condemned the US Supreme Court's controversial reversal of Roe v Wade – a 1973 court case that granted US women a constitutional right to abortion.

12.07 / 21:27

European Union UK politics: Meet the eight contenders vying to replace Boris Johnson

Eight politicians are vying to replace Boris Johnson as the next Conservative Party leader and British prime minister.

12.07 / 20:25

Law regulation Bank of England BoE official compares current crypto market regulation to 'unsafe aeroplanes'

Jon Cunliffe, deputy governor for financial stability at the Bank of England, has called for a clear regulatory framework for crypto to address risks amid the recent market downturn.

12.07 / 11:45

Adoption Bitcoin The UK's largest Bitcoin conference comes to Scotland

The bear market won't scuttle Bitcoin's adoption plans in the United Kingdom. From Oct. 21–22 this year, internationally recognized Bitcoin (BTC) experts, authors and content creators will take part in the United Kingdom’s largest Bitcoin conference to date.

11.07 / 18:19

business Stablecoin Circle Backed audit KPMG to audit new pound-backed stablecoin GBPT

Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.

08.07 / 20:01

regulation Financial Hong Kong securities regulator CEO to lead UK financial watchdog

Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority.

08.07 / 14:35

business Stablecoin coinbase Usd Coin USDC stablecoin EU-regulated firm Banking Circle adopts USDC stablecoin

Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails.

07.07 / 23:07

European Union boost Finland passes a new law to boost border security with Russia

The Finnish parliament amended its laws on Tuesday, to strengthen the fences along the country's border with Russia, as the Nordic nation continues the process of joining NATO.

07.07 / 23:07

European Union Ukraine war: Five key developments you need to know from Thursday

1. Russia pausing offensive ahead of renewed assault

07.07 / 21:03

Government regulation UK prime minister announces departure following mass resignations

Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of the country’s Conservative Party but will remain head of state until a replacement has been found.

07.07 / 15:47

Adoption Lightning Network Bitcoin Satoshi milkshake experiment shows kids can HODL Bitcoin too

A Bitcoin (BTC) experiment on the Isle of Man involving the Lightning Network, 25 schoolchildren, and a promise of a milkshake has yielded interesting results.

07.07 / 10:05

European Union British government says 'no' to Scotland on new independence vote

The British government has written to the Scottish government on Wednesday, formally denying a request from Edinburgh to hold a new independence referendum.

06.07 / 20:15

Law regulation Financial Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government

Many officials responsible for regulating the United Kingdom’s financial system have resigned following allegations Prime Minister Boris Johnson exercised “poor judgement” in appointing a member of the government.

06.07 / 15:57

Adoption Survey Bitcoin Majority of British crypto owners revealed to be hodlers: Survey

An average crypto asset holder in Great Britain would be young, male and hodler. And they would consider crypto to be a ‘fun investment.’ Such are the findings from the fresh research, conducted by Her Majesty Revenue and Customs (HMRC) with the help of research agency Kantar UK and published on Tuesday.

05.07 / 19:49

Law Central Bank Bank of England market volatility regulatory crypto market volatility Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE

The Bank of England has called for “enhanced” regulations of crypto to address potential risk to the country’s financial stability amid the market capitalization dropping more than $2 billion.

05.07 / 15:25

regulation Taxes UK government UK government seeks public input on DeFi taxation

The government of the United Kingdom is asking the public for input on the taxation of crypto asset loans and staking in the context of Decentralized Finance (DeFi).

04.07 / 16:29

event Adoption Bitcoin The UK 'Bitcoin Adventure' shows BTC is a family affair

Bitcoin (BTC) is for everyone: toddlers, kids, hard rockers and even racing pigs. At the "Bitcoin Adventure" held in Avon Valley, near Bristol, Bitcoiners and hobbyists shared their knowledge, quips and personal journeys down the Bitcoin rabbit hole despite the predictably wet United Kingdom weather. Better still, Bitcoin's "toxic maximalism" was MIA.

04.07 / 07:35

Twitter Scams YouTube British Army’s social media accounts hacked by crypto scammers

The British Army’s official Twitter, Facebook, and YouTube accounts were breached on July 3 for almost four hours, with scammers promoting rip-off non-fungible token (NFT) collections and cryptocurrency scams.

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