Fri, November 8

Top Executives Voice Support for Spot Bitcoin ETFs in the UK

Kraken UK Managing Director Bivu Das said that Bitcoin ETFs should “absolutely” be introduced to the UK. Das said that a lot has happened since the UK banned such products in 2021 during an interview at the London Digital Asset Summit. Das stated: “And if anything, some of those concerns

March 25, 2024 2 mins read

FCA Bolsters Efforts Against Crypto Market Abuse in the UK

For the years 2024–2025, the UK’s Financial Conduct Authority (FCA) has outlined its primary objectives. Improving the regulator’s ability to detect and punish instances of market abuse is a priority. It also intends to establish regulations for the market misuse of crypto assets and associated services. Market integrity and the

March 20, 2024 1 min read

UK Eyes Crypto Staking and Stablecoins Regulations in Next Six Months

Within the next half-year, lawmakers in the UK want to enact new regulations on cryptocurrency staking and stablecoins. The government is striving aggressively to adopt the new law before this year’s general election, according to Bloomberg, which Economic Secretary to the Treasury Bim Afolami said at a Coinbase-hosted crypto event

February 20, 2024 2 mins read

UK Financial Watchdog Continues Intense Scrutiny on Crypto Marketing

The financial watchdog in the United Kingdom warned 450 businesses in the last quarter of 2023 for unlawfully marketing cryptocurrency and urged those with the authority to do business with them to fulfill their obligations. Oct. 8 marked the beginning of the promotional guidelines set forth by the Financial Conduct

February 14, 2024 1 min read

UK Unveils Digital Securities Sandbox with Blockchain Integration

The Digital Securities Sandbox (DSS) is changing the financial scene in the United Kingdom. A move toward blockchain technology in securities trading has been announced by a project co-managed by the Bank of England (BoE) and the Financial Conduct Authority (FCA). Firms may now test out asset tokenization in a

January 8, 2024 2 mins read

Pension Fund M&G Invests $20M Into UK Crypto Derivatives Platform GFO-X

M&G Plc, an enormous London-based pension fund, recently invested $20 million into a British crypto derivatives trading platform, GFO-X. A cryptocurrency derivatives trading platform located in the United Kingdom, GFO-X, has received a $20 million investment from M&G Investments, the asset management division of pension behemoth M&G Plc. In the

December 11, 2023 2 mins read

UK NAO Criticizes FCA Over Delayed Action on Crypto Sector

The United Kingdom’s National Audit Office (NAO) has voiced doubts over the FCA’s ability to effectively oversee the cryptocurrency market. According to the NAO’s latest report, “Financial services regulation: adapting to change,” the FCA is allegedly dragging its feet when it comes to responding to and prosecuting illegal activity inside

December 11, 2023 2 mins read

UK Aims to Focus on Stablecoins With New Improvised Plans

According to discussion documents issued by the two organizations on Monday, the Financial Conduct Authority (FCA) will manage the broader crypto industry, while the Bank of England (BOE) will control “systemic stablecoins” that are in widespread circulation and might disrupt the economy. The suggestions followed the U.K. government’s publication last

November 6, 2023 2 mins read

UK Government Unveils 2024 Regulation Plans for Stablecoins

The UK government has updated its intentions to regulate stablecoins backed by fiat currency. The paper was released on October 30 with the intent of easing and regulating the usage of fiat-backed stablecoins in UK payment networks. The paper states that in 2024, His Majesty’s Treasury plans to present explicit

October 30, 2023 1 min read

UK Issues Warning to List of Crypto Exchanges; Eyes Enforcing Regulations

The Financial Conduct Authority (FCA), the United Kingdom’s highest financial regulator, issued a warning list to many prominent cryptocurrency exchanges on Sunday, October 8 for advertising their services without the necessary authorization. As of October 8th, the United Kingdom’s financial promotion legislation now includes crypto asset service providers worldwide. All

October 9, 2023 1 min read