The UK Treasury is reportedly finalizing a framework for the regulation of the cryptocurrency industry. According to The Financial Times, the country’s financial authorities are currently putting the finishing touches on the significant crypto regulation. This includes prohibitions on international businesses selling to the UK, strategies for dealing with business
DCMS announced that it will also investigate the underlying blockchain technology that supports NFTs. According to the DCMS committee’s statement, NFT regulation in the UK is mainly non-existent. The UK government has started a probe into nonfungible tokens (NFT), digital collectibles championed by Prime Minister Rishi Sunak. The House of
A max of £1,000 in a single transaction and £3,000 in a rolling 30-day period has been set. It will implement a block on real-time transactions to cryptocurrency exchanges from 2023. Users of Santander will soon be unable to make cryptocurrency purchases. Customers of Santander have reportedly been sent an
Rt. Hon. Boris Johnson has been announced as the Keynote Speaker at this year’s International Symposium on Blockchain Advancements (ISBA), which is being organized by ParallelChain Lab. Rt. Hon. Boris Johnson, MP, served as former foreign secretary, former mayor of London, and former prime minister of the United Kingdom. Mr. Johnson has earned
Stablecoins were included into the new law by the House of Commons. Griffith also brought up the prospect of a digital pound being introduced. U.K. Prime Minister Rishi Sunak has been selected. Sunak is an advocate for cryptocurrencies, and he hopes to see the United Kingdom become a center for
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
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,
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
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,
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
