Fri, March 29

UK FCA Reveals Deadline for Crypto Promotion Compliance

On Sunday, October 8th, the Financial Conduct Authority’s (FCA) new financial promotional system will go into force. The FCA has reportedly sent letters to both domestic and international companies marketing cryptocurrencies to consumers in the United Kingdom. Warning them that they must adhere to the forthcoming crypto ad compliance rules

July 5, 2023 1 min read

UK Law Enforcement Can Seize Crypto Assets Linked to Criminals

After the House of Lords adopted the Economic Crime and Corporate Transparency Bill on Tuesday, British law enforcement will have new options for seizing and freezing offenders’ crypto holdings. While the bill as a whole was amended during previous sessions to ensure its provisions applied in cases of terrorism and

July 5, 2023 2 mins read

United Kingdom Officially Embraces Cryptocurrency as a Regulated Financial Activity

The United Kingdom has passed a landmark bill recognizing cryptocurrencies as regulated financial activities within the country. This significant decision by the UK government has marked a great turning point in the global crypto market. It reflects the growing acceptance and understanding of the potential of cryptocurrencies.  On June 29,

June 29, 2023 2 mins read

Crypto Regulation Law Nears Final Approval in the United Kingdom

The House of Lords, the upper house of Parliament in the United Kingdom, has given its approval to a measure that will regulate stablecoins and cryptocurrencies and provide oversight for the marketing of cryptocurrencies. After passing the House of Commons, the Financial Services and Markets Bill (FSMB) will go through

June 20, 2023 2 mins read

Binance Oversights Relocation to UK, says Patrick Hillman

Today, Binance has declared its crypto focus on the United Kingdom (UK) than on the United States (US) since it has become harder to tackle the Biden administration. The chief strategy officer of Binance, Patrick Hillman commented that the last 6 months have been confusingly hectic for the US businesses,

May 10, 2023 2 mins read

UK Tax Authority Proposes Major Changes to DeFi Lending and Staking

The UK Tax Authority is considering making substantial changes to the regulation of DeFi lending and staking, which may have far-reaching consequences for the future of crypto taxes. This recent move is an indication that the government of the United Kingdom is striving to guarantee that crypto-related activities are taxed

April 27, 2023 2 mins read

UK’s National Crime Agency (NCA) Announces New Crypto Crime Unit

The National Cyber Crime Unit (NCCU) Crypto Cell is a new unit of the UK’s National Crime Agency (NCA) tasked with proactively investigating cryptocurrency-related crime. The NCA has announced that the inaugural squad would consist of five officers working out of the NCCU. While the NCA’s interest in combating crypto

January 5, 2023 1 min read

Incoming UK FCA Chair Criticizes Crypto Sector Over Money Laundering

Following the demise of the FTX exchange. The crypto sector across the globe has been dealt with a stringent hand in terms of regulations. Incoming FCA chair Ashley Alder is the most recent person to comment on the sector. On December 14th, he warned MPs that cryptocurrency platforms enabled widespread

December 17, 2022 1 min read

UK Proposes Reforms Including Tax Liabilities For Crypto Assets

The government of the United Kingdom has proposed over thirty changes to financial regulation, some of which include the expansion of tax benefits for investment managers to include crypto assets. To replace EU law in areas like disclosure for financial products, the so-called “Edinburgh Reforms” ease ring-fencing capital regulations to

December 10, 2022 1 min read

UK Pushes For Finalizing Crypto Regulations Post FTX Fall

According to the Financial Times, the UK Treasury is working to finalize a framework for Crypto regulation. There have been some major legislative shifts in the crypto industry and its interactions with overseas businesses that have made headlines recently. The regulatory status of cryptocurrencies has dominated headlines throughout the FTX

December 6, 2022 1 min read