Sun, November 24

Bitstamp Becomes Authorized Cryptocurrency Exchange in the UK

Bitstamp, a cryptocurrency exchange with a presence in the United Kingdom, is now one of the businesses authorized by the Financial Conduct Authority there. Approximately six months after the FCA added Hidden Road Partners and MoonPay in December 2022, on June 13, Bitstamp U.K. Limited and Interactive Brokers Limited is

June 14, 2023 2 mins read

VC Firm Andreessen Horowitz Opens Crypto Office in London

a16z crypto, the cryptocurrency investment arm of the VC firm Andreessen Horowitz, has announced the launch of its first international office in London, less than a week after U.S. authorities took their most drastic actions to date against the digital assets market. The firm said that the United Kingdom has

June 12, 2023 2 mins read

UK Regulator FCA Declares Ban on Crypto Advertisements

The UK’s Financial Conduct Authority (FCA) has proposed tough new marketing rules that include a ban on crypto incentives. The proposed rules aim to protect retail investors from potential harm by prohibiting the use of incentives to promote crypto investments. The FCA is cracking down on crypto promotions and incentives

June 8, 2023 2 mins read

UK Crypto Group Urges Government To Assess Risks of CBDC

Despite the potential advantages connected with central bank digital currencies (CBDCs), the UK government should carefully assess and endeavor to minimize any risks linked with the establishment and possible adoption of the so-called digital pound. This is especially important “in relation to financial stability, privacy, and security risks,” according to

June 6, 2023 1 min read

UK Committee Proposes Gambling Regulations for Retail Crypto Trading

For retail investors, unbacked cryptocurrencies like Bitcoin (BTC) should be considered as gambling, according to a new recommendation by a UK regulatory group. The Treasury Select Committee, a cross-party committee made up of members of Parliament, “strongly recommended” this approach for the trading of digital assets in a report released

May 17, 2023 2 mins read

U.K Government to Introduce Strict Ban on Cold Calls Selling Crypto

To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly.  The UK offered 400 new jobs as a component of its new fraud strategy

May 3, 2023 1 min read

FCA Complies With Crypto Firms to AML and Counter-Terrorism Legislation

At the City Week 2023 event on April 25, 2023, the Executive Director of Markets, and Executive Director of International, Sarah Pritchard delivered a speech on the regulation of Digital Assets in the UK. The United Kingdom (UK) is one of the top-ranking countries for crypto adoption. The rise in

April 26, 2023 2 mins read

India & UK Discussed Effective Global Strategy to Deal Crypto

On Wednesday, India and the UK discussed current affairs around crypto assets and emphasized the need for strong international strategies to address the risks involved. Participants from both countries provided updates on recent changes in their respective banking sectors at the second India-UK Financial Markets Dialogue, discussing banking trends and

April 20, 2023 1 min read

UK Soon to Implement Crypto Regulation Says City Minister

According to a British lawmaker, the UK could implement regulations governing digital assets within the next 12 months. The economic secretary to the U.K. Treasury, Andrew Griffith, stated in an interview with CNBC on April 17 that the long-term goal is to “let firms make the most of the opportunities

April 19, 2023 2 mins read

Royal Mint NFT Proposed by UK PM Rishi Sunak Scrapped

Plans to introduce a government-backed “NFT for Britain.” As planned by crypto-friendly Prime Minister Rishi Sunak, have been scrapped in the United Kingdom. As part of the government’s aim to make the UK a worldwide hub for crypto-asset technology and investment. Chancellor of the Exchequer Sunak requested in April 2022

March 28, 2023 1 min read