United Kingdom Financial News

16.10 / 17:11

business Blockchain Binance Binance halts onboarding of new UK users

Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16.

11.10 / 07:09

business Blockchain Law regulation Football UK government Copyright MPs British MPs urge action on NFT copyright infringement, crypto fan tokens

A bipartisan parliamentary committee has urged the government of the United Kingdom to protect creators from copyright infringement associated with nonfungible tokens (NFTs) and address potential harms from sporting groups issuing digital assets.

10.10 / 16:05

Binance regulation marketing Financial UK financial watchdog restricts Binance partner from issuing crypto ads

The Financial Conduct Authority (FCA) of the United Kingdom has placed restrictions on peer-to-peer lending platform Rebuildingsociety, the firm with which crypto exchange Binance partnered for compliance with the regulator’s marketing regime.

09.10 / 21:41

Ripple regulation SEC FTX Court Judge sides with Ripple again, denies SEC appeal: Law Decoded

On Oct. 3, United States District Court Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC’s) motion to appeal its loss against Ripple Labs, the company behind the XRP (XRP) cryptocurrency. Torres denied the SEC’s motion, claiming the regulator failed to meet the burden to show that there were controlling questions of law or substantial grounds for differences of opinion on the matter.

09.10 / 11:47

Binance regulation advertisement OKX Bitcoin Financial Binance, OKX to comply with new financial promotions rules in UK

Major global cryptocurrency exchanges like Binance and OKX have announced that they’re working to comply with new financial promotion regulations in the United Kingdom.

09.10 / 11:47

Kucoin regulation Huobi UK government Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator

The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy Sunday on Oct. 8, as it added several crypto exchanges to its warning list of non-authorized firms that customers “should avoid.”

06.10 / 14:39

regulation CoinShares Ledger Bitcoin CoinShares-owned Komainu secures crypto custodian registration in UK

Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet provider Ledger and Japanese investment bank Nomura, has secured major regulatory approval in the United Kingdom.

06.10 / 14:39

Social Media privacy data UK government Snapchat Snapchat warned by UK data watchdog over AI chatbot risks

The social media platform Snapchat has received a warning from the United Kingdom’s data watchdog over its new artificial intelligence (AI) chatbot known as “My AI,” according to an update posted by the regulator.

06.10 / 10:17

regulation Web3 DAO KYC UK must loosen KYC demands for crypto to outpace US in Web3 — Think tank

The United Kingdom has an opportunity to capitalize on the departure of Web3 firms leaving the United States due to regulatory uncertainty. But to achieve that, the U.K. will need to follow its own regulatory path, smoothing the requirements for crypto in some regard, according to a think tank.

04.10 / 08:19

Adoption security 2024 UK to launch Digital Securities Sandbox in Q1 2024

The United Kingdom will apparently get its second crypto sandbox by Q1 2024. It will be explicitly focused on digital securities.

27.09 / 20:33

NFT Metaverse data Bitcoin UK politicians enter the metaverse, mainstream media says NFTs are worthless: Nifty Newsletter

In this week’s newsletter, check out Glassnode data that shows nonfungible token (NFT) protocol Bitcoin Ordinals may not be clogging the network. Read about British politicians using the metaverse to discuss opportunities and challenges in Web3, and find out why Rolling Stone says NFTs are “finally totally worthless.” And don’t forget this week’s Nifty News, featuring world-renowned artist Takashi Murakami saying he might not release any more NFTs.

27.09 / 20:33

business Blockchain Microsoft IBM Bitcoin IBM, Microsoft, others form post-quantum cryptography coalition

IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, U.K.-based cryptography firm PQShield, Google sibling company SandboxAQ, and the University of Waterloo.

27.09 / 12:17

regulation Bitcoin Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move

Brian Armstrong, CEO of major United States-based cryptocurrency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto-related transactions.

26.09 / 14:37

regulation transactions Bitcoin JPMorgan’s subsidiary Chase UK to restrict crypto transactions

Chase Bank, a digital bank owned by the investment bank JPMorgan, will restrict all cryptocurrency-related transactions for its customers in the United Kingdom.

25.09 / 20:07

regulation SEC Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded

Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase its efforts to inform investors and remind them only to utilize platforms granted Securities and Futures Commission licenses.

22.09 / 15:45

regulation Bitcoin Regulation UK government Warning services Financial Bybit will suspend services in UK following financial regulator's 'final warning'

Dubai-headquartered cryptocurrency exchange Bybit has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority, or FCA.

22.09 / 11:39

Adoption regulation Europe European Union global crypto community EU Parliament research recommends non-EU nations tighten crypto regulation

The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market.

21.09 / 19:31

regulation marketing advertisement UK government compliance UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance

The Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has again expressed its concern over the lack of engagement on the part of crypto firms that will soon be subject to new marketing rules. The consequences of noncompliance could be severe, it warned.

20.09 / 17:11

Government regulation privacy security Metaverse Encryption Signal hints at leaving UK market following passage of online safety bill

A bill aimed at regulating certain internet services in the United Kingdom, including activities in the metaverse, has passed through Parliament and awaits King Charles’ approval to become law.

19.09 / 09:17

Adoption regulation crimes bills House of Lords UK House of Lords passes bill to seize stolen crypto

A bill that aims to expand the United Kindom (UK) authorities’ ability to target illicit cryptocurrency usage has been pushed to the final stages for approval by the House of Lords.

10.09 / 06:39

Adoption defi Investments Europe Bitcoin 1 in 4 investment firms assign senior execs to digital assets: Report

Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are appointing senior executives to lead digital asset investment strategies.

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