Gang Jailed for Kidnapping and Extorting Crypto Investor Seven members of a UK gang were handed jail sentences for kidnapping crypto investor, torturing, and extorting a cryptocurrency investor. The victim was attacked numerous times over several months to have around £100,000 ($124,152) transferred in crypto. The nightmare began in January
The United Kingdom’s Treasury has enacted a change in its regulation of cryptocurrency. It has announced the amendment to the Financial Services and Markets Act 2000 (FSMA) to exclude crypto staking from being classified as part of collective investment schemes (CIS). This rule will become effective on January 31, 2025.
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
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
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
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
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
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
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
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
