United Kingdom Financial News

08.03 / 17:29

event Blockchain Event Recap Bitcoin Community Bitcoin Bitcoin thought leaders weigh the pros and cons of Ordinals

Ordinals are here to stay. Ordinals, or the ability to permanently ink the Bitcoin (BTC) blockchain with data, typically in the format of a picture or jpeg, are a controversial topic among some members of the Bitcoin and wider crypto community. Not so for the builders and the CEOs of Bitcoin-focused companies who were present at the Bitcoin conference, Advancing Bitcoin in London.

06.03 / 17:15

event Conference Developers Event Recap London Bitcoin Technical discussions take center stage at Advancing Bitcoin conference in London

The Bitcoin (BTC) bear market builders convened in London, United Kingdom, during the Bitcoin-only conference “Advancing Bitcoin.”

03.03 / 01:43

business regulation HSBC Banks UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

United Kingdom babanks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers. They join a growing list of banks in the country to tighten restrictions on digital assets.

28.02 / 16:43

CBDC Adoption regulation Central Bank Bank of England Bank of England has no tech skills to issue CBDC yet: Deputy governor

The United Kingdom is not ready to issue a central bank digital currency (CBDC) just yet as the Bank of England (BoE) doesn’t have enough expertise at the moment, according to a deputy governor.

24.02 / 22:11

business Blockchain Adoption Environment ESG Frontier Recycle to earn, a new frontier for blockchain technology towards ESG goals

'Recycle to Earn' was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother's house to earn extra money for a Game Boy.

22.02 / 09:05

business Ethereum Investments Sport community LinksDAO likely to put in ‘compelling offer’ to buy Scottish golf course

The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO, may soon put in an offer to purchase the newly marketed Spey Bay Golf Club in Scotland worth about $900,000.

17.02 / 04:21

regulation Analysis Report Scams crimes Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis

Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune.

14.02 / 16:45

business CBDC Bank of England Bitcoin Community UK think tank launches a crusade against 'surveillance' CBDCs

The U.K. Tax Reform Council has launched a campaign against the Bank of England's plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system.

14.02 / 14:37

regulation ATM Bitcoin UK FCA to take action against unregistered, illegal cryptocurrency ATMs

The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs).

06.02 / 23:45

Stablecoin regulation SEC security Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6

The U.K. outline of the future financial services regulatory regime for crypto covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens and initial coin offerings. And it’s certainly good news for the industry, as the upcoming regulation doesn’t propose a ban on algorithmic stablecoins or excessive requirements on data sharing for digital asset operators.

05.02 / 00:27

CBDC Adoption regulation Bank of England UK is 'likely' to need digital currency, says BoE and Treasury: Report

The Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4.

01.02 / 13:47

Stablecoin Adoption regulation ICO crypto framework UK treasury Framework UK Treasury publishes crypto framework paper: Here's what's inside

His Majesty’s Treasury published a long-anticipated consultation paper for the United Kingdom's upcoming crypto regulation. The extensive 80-page document covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens (NFTs) and initial coin offerings (ICOs).

01.02 / 05:53

business regulation Scams Fraud Forex investigation Crypto scammers abuse 'lax' UK company laws to fool victims: Report

The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis.

31.01 / 18:11

business Stablecoin ATM UK native stablecoin integrates into 18,000 ATMs nationwide

A partnership between Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a "crypto hub" and is in line with the government's push to use stablecoins for wholesale settlements.

30.01 / 18:11

Law regulation FTX UK regulator investigates charity linked to FTX

The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.

25.01 / 13:47

Blockchain Investments Taxes Trying to meet the UK tax deadline in January 2023? Here’s what to do

With the Jan. 31 deadline for filing tax returns in the United Kingdom fast approaching, crypto investors who haven’t yet submitted their crypto tax returns are in a tight spot. From figuring out how crypto is taxed in the U.K. to accurately computing net tax liability, it can be a perplexing and complex process for new investors.

25.01 / 01:37

Government CBDC regulation Job UK gov't is hiring a central bank digital currency lead for Treasury team

HM Treasury in the United Kingdom has begun calling for applicants to lead the central bank digital currency team behind efforts towards a digital pound.

24.01 / 12:01

ETF regulation UK government Crypto Investment Products British authorities split on banning sale of crypto investment products

The policy decision-makers in the United Kingdom got split on whether the sale, marketing, and distribution of derivatives and exchange-traded notes (ETNs) tied with cryptocurrencies should be prohibited when it comes to retail investors. The Regulatory Policy Committee believes the measure, adopted in 2021, to be unjustified under current circumstances.

12.01 / 23:21

business Blockchain Survey businesses 90% of businesses adopting blockchain technology, data

The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry.

12.01 / 18:53

Wagner Battle for Soledar: 'First Russia sends Wagner mercenaries, then highly trained paratroopers'

The fate of a devastated salt-mining town in eastern Ukraine hangs in the balance this week in one of the bloodiest battles of Russia's invasion.

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