United Kingdom Financial News

07.09 / 17:41

Law regulation marketing 2024 compliance Financial UK financial watchdog could give crypto firms until January 2024 for marketing compliance

The United Kingdom’s Financial Conduct Authority, or FCA, has reiterated its warning for all crypto asset firms marketing to users in the country to be in compliance with rules going into effect in October 2023, but added companies could have “more time to implement certain changes”.

04.09 / 13:55

regulation UK government OpenAI The UK releases key ambitions for global AI summit

The United Kingdom released its five “ambitions” for its global artificial intelligence (AI) safety summit on Sep. 4, with a big focus on risks and policy to support the technology.

01.09 / 14:25

Blockchain Cybersecurity security FBI US, UK intel agencies warn against new crypto malware: Report

An advisory report issued by government agencies in the United States and the United Kingdom warns users to beware of new malware being used to target crypto wallets and exchanges.

01.09 / 00:55

Blockchain Adoption regulation Money laundering United Nations Counter Terrorism Financing crypto transfers UK's Travel Rule comes into effect, could halt certain crypto transfers

Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1.

30.08 / 05:49

business Art regulation MPs British MPs call on government to scrap AI exemptions that hurt artists

A British parliamentary committee is pressuring the government to axe plans that would allow artificial intelligence developers to freely train their systems on existing works of music, literature and art.

28.08 / 01:59

business Ethereum Web3 OnlyFans’ parent company bought $20M of Ethereum as revenue surged

The parent company of subscription platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ether (ETH) in 2022.

24.08 / 11:07

Blockchain Adoption Metaverse Extradition Julian Assange campaign to hold metaverse political rally against extradition

The “Don’t Extradite Assange Campaign,” dedicated to gathering support against the extradition of Wikileaks founder Julian Assange to the United States, is launching a virtual political rally in the metaverse.

24.08 / 08:33

business Government regulation Scams UK government Cold Calls UK considers blanket ban on crypto investment cold calls

As the United Kingdom prepares for a ban on finance-related cold calls, the UK Treasury issued a consultation and call for evidence to gauge a full picture of the impact on businesses, or the costs associated with introducing and implementing the ban.

21.08 / 14:43

Liquidity Universities AI startup Top UK university partners with AI startup to analyze crypto market

Imperial College London announced a partnership with the artificial intelligence (AI) startup FluidAI on Aug. 21 to help troubleshoot issues in the digital asset market using emerging technologies.

21.08 / 03:03

Government NVIDIA UK government GPU Power UK to spend $130M on AI chips amid scramble to buy up computing power

British Prime Minister Rishi Sunak is set to spend $130 million (100 million pounds) to buy thousands of computer chips to power artificial intelligence, amid a global shortage and race for computing power.

16.08 / 12:01

regulation Trading PayPal Bitcoin 2024 PayPal UK to halt Bitcoin purchases until early 2024

Cryptocurrency-friendly payments platform PayPal is making some crypto adjustments on its platform in the United Kingdom to comply with local financial regulations.

14.08 / 11:28

Provident MET Binance regulation country approved 13% of applications approved: British regulator discloses crypto registration stats

Since January 2020, 291 crypto companies have applied for registration with the principal financial regulator of the United Kingdom, the Financial Conduct Authority (FCA). Only 13% of them successfully obtained a permit to operate in the country.

08.08 / 12:29

Stablecoin regulation Bank of England Power Bank of England will get more power in regulating stablecoins

The United Kingdom government could rebalance the power between the Bank of England (BoE) and the country’s principal financial regulator, the Financial Conduct Authority (FCA), in the former’s favor, according to a 40-page consultation response published by His Majesty’s Treasury on Aug. 7.

07.08 / 09:15

Blockchain crimes Cybercrime Crypto Crime Agency UK to expand crypto crime agency, hiring spree underway

The United Kingdom’s National Crime Agency (NCA) wants to expand its digital assets investigation team by hiring four senior investigators for its Complex Financial Crime Team to work on crypto-related crimes.

28.07 / 10:26

Art Adoption Metaverse The Sandbox and British Museum bring art and history into the metaverse

The Sandbox metaverse development platform announced on July 27 that it will be partnering with the British Museum to bring it into the metaverse.

26.07 / 08:19

Blockchain regulation Police London Agency UK crime agency scouts for seasoned crypto investigators

The National Crime Agency (NCA) of the United Kingdom is hiring two blockchain investigators for its newly formed Digital Assets Team within the Complex Financial Crime Team (CFCT) to tackle crypto crimes.

25.07 / 13:55

Robinhood regulation Bitcoin Crypto-friendly Robinhood inches to UK with local CEO appointment

Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment.

25.07 / 12:39

Blockchain regulation London Worldcoin Worldcoin may face UK data regulators inquiry days after launch: Report

The newly launched controversial crypto and ID project Worldcoin could face inquiries from data regulators in the United Kingdom as it raises concerns over privacy and critical biometric data safety, according to a Reuters report.

24.07 / 12:09

Investments Lightning Network inflation lightning Bitcoin Standard From rugs to riches: UK carpet retailer to adopt Bitcoin Standard

An online carpet and flooring retailer based in the United Kingdom has bought Bitcoin (BTC) and put it on the balance sheet, following in the footsteps of Tesla, Microstrategy and Real Bedford.

22.07 / 18:57

business Ripple XRP regulation Crypto License Ripple applies for crypto license in the United Kingdom

Payment protocol Ripple has recently applied for a registration as a crypto asset firm with the United Kingdom's Financial Conduct Authority (FCA), a spokesperson for the firm told Cointelegraph. The company is also seeking a payments license in Ireland as part of its massive investment in the region.

21.07 / 20:13

business Developers Bitcoin Core Bitcoin rights UK court grants appeal from Craig Wright in Bitcoin rights lawsuit

A British court granted an appeal on July 20 that gave Craig Wright the right to argue in a litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection.

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