United Kingdom Financial News
21.07 / 06:09
business
regulation
banking
UK government
Customers
UK banks risk losing licenses for debanking customers over political views
The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views.
20.07 / 16:51
Government
regulation
Financial
UK financial watchdog announces launch of permanent Digital Sandbox in August
The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of product development.
20.07 / 14:11
Blockchain
regulation
Bitcoin Regulation
Bitcoin
UK government rejects lawmaker’s call to treat crypto like gambling
The United Kingdom government has rejected a proposal made by the House of Commons Treasury Committee to regulate crypto retail trading in the same way it oversees gambling, highlighting that it “firmly disagrees” with the committee’s stance.
18.07 / 02:59
regulation
Social Media
marketing
financial promotions
Financial
Crypto memes can be considered financial promotions, says UK watchdog
Crypto firms and influencers may need to start slapping disclaimers on crypto memes to stay compliant with advertising laws in the United Kingdom, according to a new proposed guidance from the country's financial regulator.
16.07 / 08:05
business
Binance
Ripple
SEC
coinbase
Report
US ‘dominates’ crypto startup funding in Q2: Report
Despite facing regulatory scrutiny in the United States, crypto firms continue to innovate, with nearly half of all capital investments flowing toward U.S. crypto businesses, according to a recent report.
14.07 / 14:27
Law
Adoption
regulation
Europe
privacy
Central Bank
United Kingdom’s digital pound meets public backlash — Why?
British society is both civil and democratic, so it wasn’t unexpected that the government of the United Kingdom would “consult” the public before signing off on a digital version of the British pound. The response it received may have been surprising, though.
13.07 / 22:17
regulation
privacy
security
Metaverse
lawmakers
UK bill on online safety should apply in the Metaverse, say lawmakers
Legislation aimed at regulating certain internet services in the United Kingdom should cover activities in the Metaverse, according to members of the House of Lords.
11.07 / 20:49
Government
Law
regulation
Derivatives
UK treasury
regulatory
UK Treasury plans to exclude derivatives and 'unbacked' tokens from regulatory sandbox
The treasury department of the United Kingdom has proposed excluding unbacked cryptoassets and derivatives from its plans for a Digital Securities Sandbox.
11.07 / 11:59
business
regulation
UK government
Financial Services
ATM
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.
05.07 / 09:41
Law
Adoption
regulation
UK government
Bitcoin
Clarity needed on crypto lending regulations — UK Law Commission
A lawyer leading the United Kingdom’s Law Commission’s review on the application of British laws towards digital assets has stressed the need for further clarity around cryptocurrency lending.
05.07 / 07:47
economics
inflation
UK
Interest rates
Sunak
UK sits as outlier on inflation as Sunak admits it is 'more persistent' than expected
Prime Minister Rishi Sunak
04.07 / 20:59
Government
regulation
crimes
UK government moves forward on bill aimed at empowering authorities to seize crypto
Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes.
04.07 / 15:33
Government
Law
regulation
compliance
Financial
UK financial watchdog reminds crypto firms of October deadline for marketing compliance
The United Kingdom’s Financial Conduct Authority, or FCA, has announced that all cryptoasset firms marketing to users in the country must be in compliance with its financial promotions regime by October 2023.
03.07 / 14:15
Law
regulation
Bank of England
UK government
UK Law Commission recommends 'distinct' legal category for crypto
The United Kingdom’s Law Commission is pushing for the creation of a ‘distinct’ category of personal property to accommodate and protect unique features of cryptocurrencies and digital assets.
29.06 / 20:35
business
Blockchain
Law
regulation
bills
UK crypto
UK crypto bill reaches final stage, on track for passage
A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent on June 29, the final step required for a parliamentary bill to become law.
23.06 / 10:03
business
Ethereum
Winklevoss Twins
Staking
Ethereum staking
Winklevoss twins’ Gemini launches Ethereum staking in the UK
Winklevoss twins’ cryptocurrency exchange Gemini continues to actively expand its services across the world, debuting Ethereum staking in the United Kingdom.
20.06 / 06:55
business
Binance
Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk
The United Kingdom-registered address for an entity of one of the world’s largest crypto exchanges, Binance, is nothing but a tiny building in Britain’s east that is shared by thousands of other companies.
19.06 / 19:59
Government
regulation
Bitcoin Regulation
UK government
Financial
UK government moves forward on financial markets bill for potential regulation of crypto
Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation that could help support the adoption of crypto in the country.
19.06 / 10:57
business
Binance
regulation
regulatory
Binance cancels registration in the UK amid regulatory scrutiny
Troubled cryptocurrency exchange Binance continues to withdraw from major markets amid the ongoing pushback from global regulators.
19.06 / 06:05
Blockchain
CBDC
Adoption
Bank of England
UK government
‘Britcoin’ launch inches closer after Project Rosalind CBDC tests
The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind.
16.06 / 18:47
business
Binance
Altcoin
solana
eToro
Crypto Biz: Crypto outflows surge, a16z’s UK office, and the silent altcoins ban
A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in trading for many altcoins draining liquidity and prolonging the ongoing crypto winter.
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