The United Kingdom is quietly pulling ahead in the global crypto regulation race, finalizing a comprehensive framework at a time when the United States remains tangled in legislative gridlock and regulatory turf wars. On Jan. 23, the UK’s Financial Conduct Authority (FCA) released its final consultation paper outlining a new rulebook for crypto firms, with…
The recent reports regarding the crypto situation in the UK indicate that the country’s government has yet to make a formal assessment of potential consequences of the changes in the value of numerous cryptocurrencies. The Consequences of Crypto Price Swings Have yet to Be Determined As cryptocurrencies continue to expand and conquer the world of…
London’s Metropolitan Police say they have seized a record £180m of cryptocurrency, which they believe has links to international money laundering.The seizure is the largest of its kind seen in the UK, beating the last record set on 24 June when the Met confiscated £114m of cryptocurrency.A woman, who was arrested on suspicion of money…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Britain’s Financial Conduct Authority (FCA) has stated that Binance, one of the world’s largest cryptocurrency exchanges, is not permitted to undertake any regulated activity in the UK.The watchdog said in a statement that Binance, which is part of the wider Binance Group, cannot undertake any regulated activities without the prior written consent of the FCA.“The…
U.K.: Crypto-assets are legally equivalent to property, clearing the way for businesses to use digital currencies backed by blockchain technology, a high-powered group of legal experts chaired by a senior member of the judiciary reported today. The panel urged commercial lawyers to prepare for the disruptive impact of digital coins and associated technologies on the…
UK data regulator, the Information Commissioner Office (ICO), has laid out intentions to probe the newly launched crypto project Worldcoin. According to a report by Reuters on July 25, the ICO has taken notice of WorldCoin’s launch in the UK and will now proceed to “making further inquiries.” Launched on Monday, Worldcoin is an Ethereum-based…
The first ever Bitcoin ATM has arrived in Shropshire, U.K. The machine has been installed in the Red Lion Service Station by Church Stretton-based Bitchains. Bitchains Plans Rural Expansion Before Heading to Major Cities In what is a first for the county of Shropshire, a Bitcoin ATM has been installed at a petrol station in…
The number of complaints relating to crypto assets received by the U.K.’s Financial Conduct Authority (FCA) has risen sharply during the 2018 bear market. FCA Currently Investigating 50 Cryptocurrency Firms People rarely call foul play during a bull market. When the charts are all green, who really cares if a project FOMO’d into last November…
Bitcoin has been involved in some pretty brazen efforts to scam people out of money. However, the latest might just be the most ludicrous. A fake letter, apparently from the desk of a member of the Queen of England’s staff, has been reported. In it, her royal highness appeals to the reader to donate Bitcoin…