As per the latest report published by the NCA, multi-billion dollar money laundering networks were uncovered and 84 individuals were arrested as part of their operation. As per the blockchain analysis firm Chainalysis report, the NCA seized over 20 million Euros in cash and cryptocurrency as a result of its
Financial Conduct Authority (FCA) has revealed that 12% of UK adults now own crypto assets, marking a rise from 10% in 2022. BaseFCA’sa survey of 2,199 UK adults, the FCA’s latest research highlights an unprecedented growth in cryptocurrency adoption, with over seven million UK residents now holding digital assets, up
Ripple and Archax have achieved a significant milestone in financial innovation by launching the UK’s first tokenized money market fund on the XRP Ledger (XRPL). The initiative involves tokenizing a portion of abrdn’s $3.8 billion US Dollar Liquidity Fund (Lux), marking a crucial step toward blockchain integration in traditional finance.
The UK government is to unveil its plans for cryptocurrency regulation in response to the fast-evolving industry. Following the victory of Donald Trump in the US presidential election, hailed by the crypto space, the UK faces increased pressure to provide clarity and supportive regulations for digital assets. The UK Treasury
The seventh largest crypto exchange, Bitget has officially re-entered the UK market after a six-month interval. This follows compliance with the UK’s Financial Promotions Regime (FPR), which commands standards for promoting financial products, including crypto assets. The exchange’s relaunch was through the partnership with Archax, a Financial Conduct Authority (FCA)
In order to investigate potential applications of digital ledger technology (DLT) in the notary, maintenance, and settlement processes of financial securities, the UK’s financial regulator and the Bank of England (BoE), has established a sandbox. The Digital Securities Sandbox (DSS) was launched on September 30 by the Bank of England
The UK High Court has officially classified Tether (USDT) as a form of property under English law. This ruling, delivered on September 12, 2024, is the first of its kind in the UK to follow a full trial. The case involved a fraud victim who sought to recover stolen USDT
After a 10-month suspension, CEX.IO, a prominent centralized crypto exchange, has officially resumed its operations in the UK as of Thursday morning. This development follows the exchange’s alignment with the Financial Conduct Authority (FCA) regulations and its collaboration with Nexo. The temporary halt in October 2023 was in response to
Following a recent upgrade to meet the Financial Conduct Authority (FCA) compliance guidelines, Nexo a centralized crypto lender resumes UK client registrations on Tuesday. This is done after a ten-month pause in the onboarding process. Nexo suspended new user registrations in the UK in December 2023 due to changes in
A man from London is the first in the UK to face charges related to running an unlicensed Bitcoin ATM. After a search of a Chatham electronics store by the Kent Police on April 28, 2023, Habibur Rahman, 37, of Langdon Crescent, East Ham, was taken into custody. Moreover, the
