Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later.
UK Local Elections Show Swing to Labour With General Election Pending
The government, which has adopted a pro-crypto stance, must hold a general election by end-January.
Binance Nigeria Money Laundering Trial Delayed to May 17, Gambaryan Family Spokesperson
Binance’s lawyer needed more time to look at evidence, outlets reported.
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report
Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed.
South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers
South Africa’s upcoming election isn’t expected to derail the country’s agenda for digital assets, several members of the crypto community told CoinDesk.
UK Law Enforcement Agencies Can Now Seize Crypto More Easily as New Rules Take Effect
New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release.
Jebara Igbara, AKA ‘Jay Mazini,’ Sentenced to 7 Years in Prison for Crypto-Related Fraud
Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.
Protecting Crypto Users Is More Important Than Faster UK Registration: FCA Executive
Members of the industry have complained that the regulator takes too long to approve crypto applications.
New Zealand Starts Digital Cash Consultation
The consultation paper asked New Zealand citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits.
UK Lawmakers Call for Govt to Develop Crypto, Blockchain Skills Pipeline
Member of Parliament Lisa Cameron called for the government to ensure that all stages of education and the workplace develop digital skills.
UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says
The country passed a landmark bill in June that laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.
Asset Tokenization Draws Focus From Global Securities Watchdogs
The International Organization of Securities Commissions wants to analyse whether or not further policy direction is needed for tokenization.
Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms
While Dubai’s regulatory rules were broadly welcomed, some firms worried about the expense.
EU’s MiCA Rules Have Had Little Influence on the European Crypto Market, Regulator Says
The rules, which take effect at the end of the year, have yet to spur increased euro-based transactions in crypto markets.
Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins
Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.
Nigeria Court Adjourns Hearings for Binance, Execs’ Tax Evasion Cases: Reports
The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.
UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT
The DSS will last five years and could lead to a new regulatory regime for securities settlement.
Central Bank Group Starts Tokenization Project to Enhance Monetary System
The project will investigate the integration of tokenized commercial bank deposits with central bank money using smart contracts and programmability, the Bank for International Settlements said.
Binance Says Compliance Chief Detained in Nigeria Has No Decision-Making Power at Firm
Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.
Dutch Prosecutors Seek 64-Month Jail Sentence for Tornado Cash Dev Alexey Pertsev
The judge will deliver the verdict on May 14, the court said.