Sun, November 24

UK Passes Bill Recognizing Crypto as Regulated Financial Instruments

Last week, Prime Minister Liz Truss announced her resignation. The lower chamber of Parliament approved the bill. The economy of the UK has been in steady decline. Inflationary worries and the energy crisis are only two of many problems that the public has had to face recently. And in the

October 26, 2022 2 mins read

Crypto Advocate Rishi Sunak Prime Contender For UK PM

After Boris Johnson’s departure, Rishi Sunak was the first to officially enter the race.  He advocated for stablecoins to be legally recognized in the UK. Former Boris Johnson Chancellor of the Exchequer Rishi Sunak is the first contender for Prime Minister of the United Kingdom. To become the party leader,

October 22, 2022 1 min read

Newly Elected UK Prime Minister Liz Truss Resigns

As the situation develops, the market will react strongly. Liz Truss will hold the record for becoming the shortest British prime minister. The Prime Minister of the United Kingdom, Liz Truss, has announced her resignation. Following her departure, Liz Truss will hold the record for becoming the shortest British prime

October 21, 2022 2 mins read

UK FCA Appoints Binu Paul as New Digital Assets Department Head

To legally operate in the UK, crypto businesses need to get FCA-authorization. Paul served as the Financial Markets Authority of New Zealand’s lead fintech specialist. Binu Paul has been named the new head of digital assets at the Financial Conduct Authority, the primary financial regulator in the United Kingdom. Previously,

October 16, 2022 2 mins read

UK Govt Enacted Bill to Introduce Blockchain- Digital Trade Docs

This legislation makes it simpler to trace data in electronic trade, and it enhances security and compliance. Businesses would be allowed to provide electronic versions of papers if the bill is enacted. Members of the United Kingdom’s House of Lords have proposed legislation aimed at lowering the need for paper

October 14, 2022 2 mins read

UK Regulator Warns Consumers About Crypto Exchange FTX

The UK’s Financial Conduct Authority issued a consumer warning on FTX. The FCA previously issued a similar warning on Binance. The UK’s Financial Conduct Authority (FCA)  issued a consumer warning regarding Sam Bankman-crypto Fried’s exchange FTX, stating that it is not allowed by the regulator to offer financial services or

September 19, 2022 1 min read

UK Committee to Investigate Country’s Crypto Policy

The inquiry will look at how the nation currently regulates digital assets and cryptography. All thoughts from the people should be shared by Sep 5 according to the committee. A parliamentary committee in the United Kingdom (UK) called the Crypto and Digital Assets All Party Parliamentary Group (APPG) recently declared

August 6, 2022 2 mins read

US and UK Regulators to Frame a Strengthened Crypto Regulation

The US and UK regulators collaborated to enlarge cryptocurrency regulation. The Working Group wants to strengthen regulatory outcomes for stablecoins across jurisdictions. According to a recent press release from the U.S Department of the Treasury, the Financial Regulatory Working Group of the U.K and the U.S, recently conducted an official

August 1, 2022 2 mins read

UK Multinational Bank Barclays Plans to Invest in Crypto Custody Firm

Copper was planning to raise at least $3 billion. In May, Copper received Swiss regulatory approval. While bankruptcies continuously increase in the cryptocurrency market, the largest multinational bank in the UK, Barclays, intended to invest in Copper, one of the most well-known cryptocurrency custody firms in the fast-growing industry.  According

July 29, 2022 1 min read

FCA Warns UK Investors About Risky Clone Firms

zfxtrade.com is accused of using the FCA-authorized firm’s legitimate details.  As per FCA, the website defrauds people in the United Kingdom. On Monday, the UK’s Financial Conduct Authority (FCA) released a cautionary notice about a clone firm for impersonating the financial trading platform, Zenfinex Group. The authority claims that the

July 26, 2022 2 mins read