UK treasury Financial News

20.07 / 12:13

Provident Aware Platform Bitcoin performer social UK treasury UK Treasury rebuffs calls for crypto to be regulated as gambling

The committee in May called into question Government plans to regulate consumer crypto trading as a financial service, arguing that this will create a ‘halo’ effect, leading consumers to believe this activity is safe and protected, when it is not. In presenting its conclusions, comittee chair Harriett Baldwin said the events of 2022 had highlighted the risks posed to consumers by the cryptoasset industry, "large parts of which remain a wild west".

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.

26.05 / 14:05

Aware Bitcoin UK treasury committee Regulate crypto as gambling says UK Treasury Committee

The influential cross-party Committee of MPs declared that cryptocurrencies such as bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering. The Committee's conclusions are at odds with Prime Minister Rishi Sunak's ambitions to make the UK into a global hub for cryptoasset technology.

17.05 / 08:43

Aware Bitcoin UK treasury committee Regulate crypto as gambling says UK Treasury Committee

28.04 / 21:47

Blockchain defi UK treasury UK Treasury seeks input on taxing DeFi staking and lending: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

28.04 / 06:17

defi regulation transactions Taxes legislation UK treasury UK Treasury seeks input on taxing DeFi staking and lending

The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of the Treasury is seeking input on a possible new regime.

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.

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).

13.07 / 21:53

Law regulation UK treasury committee UK Treasury Committee opens inquiry into crypto industry

The Treasury Committee of the United Kingdom’s House of Commons has called on the public to submit evidence related to the role of crypto’s risks and opportunities.

16.05 / 11:33

Stablecoin regulation bills UK treasury UK Treasury en route to legalizing stablecoins amid Terra's UST crash

United Kingdom’s Department of Treasury, or Her Majesty's Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the decision comes as a shocker due to its proximity to the recent fall of one of the most popular algorithmic stablecoin, TerraUSD (UST).

18.01 / 15:27

Blockchain regulation UK government UK treasury UK Treasury wants to remove blockchain reference from crypto definition

The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule of law. However, among the various newly proposed suggestions, what turned many heads is the request to remove blockchain and Distributed Ledger Technology (DLT) references from the definition of crypto assets.

10.11 / 00:37

CBDC regulation Bank of England UK treasury UK Treasury and central bank will consult on CBDC, potentially launching by 2030

The Bank of England and the United Kingdom finance ministry are planning to launch a consultation on the possible rollout of a central bank digital currency starting in 2022.

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