UK government Financial News

01.05 / 21:43

Stablecoin regulation UK government Framework regulatory Industry heavyweights respond to UK’s crypto asset regulatory framework proposal

The deadline has come for comments on a consultation paper and call for evidence released by the United Kingdom’s HM Treasury on a proposed crypto asset regulatory framework. The long-awaited paper, published in February, drew detailed responses from a variety of cryptocurrency industry players.

26.04 / 12:31

business Adoption UK government safe UK pledges nearly $125M to create "safe AI" taskforce

The United Kingdom is buckling down on its efforts to ramp up the country’s technology sector. Officials released an announcement for funding of a new artificial intelligence (AI) task force.

26.04 / 03:47

regulation UK government Financial UK financial watchdog to crypto industry: ‘Let’s work together’

The United Kingdom's financial regulator, the Financial Conduct Authority (FCA), wants to work together with crypto companies to develop a regulatory framework for the industry.

18.04 / 04:37

Stablecoin regulation coinbase Taxes UK government Sky News Web3 Hub Coinbase to help UK on Web3 hub as Treasury reportedly revives blockchain taskforce

The United Kingdom could "turbocharge" its crypto sector and be an "innovation hub for the Web3 economy" as part of a vision laid out by cryptocurrency exchange Coinbase.

07.04 / 04:03

business defi regulation Social Media marketing UK government UK uses Love Island star to warn finfluencers on crypto and investment schemes

The financial and advertising regulators of the United Kingdom have teamed up to send a warning to social media “finfluencers” telling them to stop promoting illegal “get rich quick” schemes or face law enforcement.

28.03 / 02:41

NFT Crypto Collectibles UK government UK treasury UK Treasury drops plans for Royal Mint NFT

The United Kingdom has shelved plans to launch a government-backed “NFT for Britain,” which was initially proposed by crypto-friendly Prime Minister Rishi Sunak.

17.03 / 12:49

Adoption regulation Taxes UK government Crypto assets to become a separate category in the UK tax forms

As Great Britain is gradually moving to its own comprehensive crypto framework, the Treasury introduces a separate category for crypto assets into the tax return forms. The particular line should appear in the tax forms in 2024-25.

15.03 / 10:31

Law Ethereum defi hacks lending us government UK government Euler Finance’s offer to hacker: Keep $20M or face the law

Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences.

10.03 / 00:49

Government Stablecoin CBDC Adoption UK government Future Time CBDCs threaten our future, so it’s time to take a stand

If the development of blockchain technology was a financial revolution, central bank digital currencies (CBDCs) are the counter-revolution. Their development has intensified in 2023 across the globe, and it’s now more important than ever for the world to know what could lay behind the acronym.

07.02 / 05:39

business Government Blockchain UK government Bitcoin Jail Crypto firms could face 2 years jail for breaching UK advertising laws

Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog.

30.01 / 20:59

Government Law NFT Europe European Union UK government Opinion: Should Bored Ape buyers be legally entitled to refunds?

Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law.

27.01 / 05:17

business Blockchain regulation AML Money laundering UK government Financial Services regulatory UK's FCA hints at why its given only 15% of crypto firms the regulatory nod

Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only 41 out of 300 crypto firm applications seeking regulatory approval to date.

25.01 / 16:29

business CBDC UK government Bitcoin Community Bitcoin UK Bitcoin community reacts to incoming CBDC and digital pound rollout

The UK Government's economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as "Important, complex, and cross-cutting" and will "require extensive engagement across and beyond the HM Treasury."

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.

06.12 / 15:37

regulation Bank of England UK government UK crypto services UK crypto bill to restrict services from abroad: Report

Despite the Conservative Party's rhetorical embracement of crypto under the new Prime Minister Rishi Sunak, the upcoming regulatory framework will reportedly tighten scrutiny over the industry. The legislation updates will broaden the powers of the financial regulator and probably limit foreign companies’ operations in the United Kingdom.

25.10 / 15:21

Adoption UK government Bitcoin International British MP Lisa Cameron on Bitcoin and UK becoming international crypto hub

The United Kingdom could be warming to Bitcoin (BTC) and crypto. Taking a timeout from Scotland’s first major Bitcoin conference, Cointelegraph spoke to Lisa Cameron, a Member of Parliament who is spending more and more time working with digital assets. Cameron told Cointelegraph:

01.08 / 16:35

regulation UK government NOT FCA cracks down on the ads of high-risk assets, but not crypto

British Financial Conduct Authority (FCA) demands clearer and more prominent risk warnings from the companies marketing high-risk investments. Certain investment incentives, such as refer a friend bonus, will be banned altogether.

28.07 / 14:15

regulation UK government Bitcoin Law Commission for England and Wales proposes reforms for digital assets

The Law Commission of England and Wales is proposing a number of law reforms to provide wider recognition and legal protections for cryptocurrency and digital asset users.

08.07 / 23:17

Blockchain defi regulation UK government Finance Redefined: UK government explores DeFi with a focus on staking and lending

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.

06.07 / 02:15

Payments regulation UK government High-ranking crime fighter to join UK’s FCA as payments and digital assets director

UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come from backgrounds in policing.

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).

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