An investment executive has called on the UK government to impose a tax on cryptocurrency purchases. Lisa Gordon, chair of investment bank Cavendish, believes this move could encourage more Britons to put money into domestic equities instead. She shared her views in an interview with The Times on March 23.
A UK National Crime Agency (NCA) officer has been charged over the alleged theft of 50 Bitcoin (BTC) in 2017. The stolen BTC was worth around £60,000 ($77,400) at the time. Today, it is valued at approximately £3.2 million ($4.2 million). Paul Chowles, 42, from Bristol, faces 15 criminal charges.
With DeFi under development and the sector spearheading regulatory reforms, members are quite content with the current action. However, the sector seems to lack the significant, mind-blowing instances it is usually known for. Within the regulatory realm, today’s focus is stablecoins. Fox reporter Eleanor Terrett shared a discussion draft from
The Financial Conduct Authority (FCA) has granted Coinbase its UK Virtual Asset Service Provider (VASP) registration. According to the press release, the exchange will now be able to offer crypto and fiat services to UK users under the UK’s regulations. This milestone makes Coinbase the biggest FCA-registered crypto exchange in
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
