“The use of memes in promotions is particularly prevalent in the crypto-asset sector,” the FCA’s guidance said.
UK Govt-Backed Report Urges Firms to Execute Tokenization Strategies
The Technology Working Group’s report says firms need to be able to settle transfers on the blockchain via digital money and that funds should be allowed to hold tokenized assets.
London Stock Exchange Will Start Market for Bitcoin and Ether ETNs May 28
The stock exchange will accept applications for trading bitcoin and ether crypto exchange traded notes from April 8.
Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg
Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year
The U.K. has been refining it approach to regulating the crypto sector.
NFT Providers May Need Registration to Comply With UK Money Laundering Rules
The U.K. started a consultation on its money laundering rules on Monday.
COPA v. Wright: What’s at Stake as the Trial to Determine Satoshi’s Identity Wraps Up
The Crypto Open Patent Alliance and Craig Wright will present their closing arguments this week in a case debating whether Wright is indeed Satoshi Nakamoto..
UK’s FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN Market
Products would be available to professional investors while retail consumers remain banned, the regulator said.
UK Launches Consultation on Implementing OECD Crypto Reporting Framework
The U.K. government believes implementing the reporting framework could draw in 35 million pounds ($45 million) from 2026.
UK Law Enforcement Will Soon Have More Power to Seize Crypto Assets
A crime bill passed last year gave law enforcement agencies more power to seize and freeze crypto.
England’s Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
UK Economic Secretary to the Treasury Bim Afolami has said the UK government was “pushing very hard” to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report.
Craig Wright Witness Defends Saying Headed for ‘Train Wreck’ With COPA Trial
Stefan Matthews said the damning message referred to poor trial prep and not Wright’s claims to being Bitcoin inventor Satoshi Nakamoto.
UK Financial Watchdog Issued 450 Alerts on Illegal Crypto Promotions in Last Three Months of 2023
The Financial Conduct Authority said firms approving ads need to take their regulatory obligations seriously.
Banxa, Payments Partner for Binance and OKX, Lands on UK Crypto Register
BNXA UK VASP is the first firm to land on the Financial Conduct Authority’s crypto register this year.
Craig Wright Told by UK Court to Stop Making ‘Irrelevant Allegations’ as COPA Trial Continues
Wright continued to blame a host of reasons and people for inconsistencies pointed out by opposing counsel on Monday as his cross-examination continued.
UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.
Craig Wright Accused of ‘Industrial Scale’ Forgeries in First Day of COPA Trial
A highly anticipated trial probing Australian computer scientist Craig Wright’s claim to fame as the pseudonymous author of the groundbreaking 2008 Bitcoin manifesto kicked off Monday at a U.K. high court, where a judge decided Wright could add some new evidence to back up his case.
Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg
The largest crypto exchange in the world stopped offering its services to U.K. customers in October after it failed to comply with a rule change made by regulators last year.
Labour Wants UK to Be a Securities Tokenization Hub and Advance Digital Pound Work
The opposition party leads the polls in what’s likely to be an election year.