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.
UK’s Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
The U.K.’s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders.
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
Many respondents to the digital pound consultation said that they had concerns about privacy and control.
UK to Cooperate With Crypto Industry on Legislation for Digital Securities
The government said its plans for a digital securities sandbox (DSS) were largely welcomed by respondents.
UK Finance Ministry to Discuss Crypto Banking Woes With Lawmakers
Finance Minister Jeremy Hunt said U.K., and London in particular, has become “the global crypto hub.”
Revolut to Suspend UK Crypto Services Citing FCA’s New Ad Rules: CityAM
Many crypto firms have had to withdraw their services to adjust to the FCA’s promotions rules, which came into effect in October.
Lawmaker Calls for the UK Government to Do More for Blockchain
Member of Parliament Natalie Elphicke also announced that the parliamentary group she chairs will be hosting industry round tables and a call for evidence.
FCA Slow to Take Crypto Enforcement Action, UK’s Public Spending Watchdog Says
Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.’s National Audit Office said.
UK asset manager M&G invests $20M in Bitcoin derivatives exchange
The investment will open up cryptocurrency derivatives trading to traditional financial institutions.
UK asset manager M&G invests $20M in Bitcoin derivatives exchange
The investment will open up cryptocurrency derivatives trading to traditional financial institutions.
Craig Wright’s Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules
The hearing, scheduled to take 15 days, will also seek to determine whether the hack occurred.
Crypto.com Receives UK Authorization as an Electronic Money Institution
The exchange said it plans to use the license to offer e-money products in the U.K.
UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say
The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
Robinhood (HOOD) Extends Trading Services To The UK
Robinhood, a major player in the United States financial technology industry is set to stretch out its trading services in the United Kingdom for the purpose of growing its business globally.
Robinhood To Offer US Stock Trading In the UK
Co-founder and Chief Executive Officer (CEO) of Robinhood Vladimir Tenev confirmed the expansion toward the UK sector in an interview with Bloomberg. According to the CEO, the expansion aims to bring the US stocks into the UK market.
The CEO stated:
The intention is, for the U.K. market, Robinhood to be the best place to invest U.S. stocks, U.S. dollars, and we believe we can fill that need better than anyone else.
Tenev noted that the company plans to gradually extend its platform to all users in the United Kingdom in early 2024. With the launch, consumers in the UK market will be able to trade 6,000 equities in the US market.
The CEO further asserted that a waitlist has been made available to people who wish to gain early assess to the app. Furthermore, the platform’s launch in the UK is under the Financial Conduct Authority (FCA) regulation.
Additionally, the platform offers users features like a five percent interest, and can change their uninvested funds from pounds to dollars. These offers aim to attract a larger range of investors, particularly those with little financial resources.
Robinhood’s expansion sparks wider growth for its business globally. The CEO explained, “I aspire for Robinhood to be a global company. That’s been the plan from the very beginning. Baiju and I started this company as immigrants and children of immigrants, and so, the idea of making our services […] available to anyone in the world is just the vision that I had in mind from the very beginning.”
The company’s entry into the UK market also puts it in direct competition with national and international companies. These include companies like Public.com, based in New York, Revolut, and Freetrade, among others.
Zero – Fee Trading Initiative
The CEO also underscored the platform’s commitment to offering Zero-Fee trading and accessible trading alternatives for UK users. This initiative is similar to the effective charge reduction strategy that was put in place in the US before the epidemic.
Notably, Robinhood does not demand any commission fee for buying and selling stocks on the platform. Due to this, individuals can start creating their investment portfolios with a minimum of one US dollar (79p).
Tenev explained:
So we are launching imminently to the initial set of customers in the UK, and what we are launching is a commission-free share trading of US stocks.
With its zero-fee trading strategy, the platform’s introduction into the UK market will completely change how average investors interact with the stock market.
Also, with its focus on technology and user-centric features, the platform is poised to impact the current market. It will also bring fresh energy to the UK investment landscape.
Robinhood (HOOD) Extends Trading Services To The UK
Robinhood, a major player in the United States financial technology industry is set to stretch out its trading services in the United Kingdom for the purpose of growing its business globally.
Robinhood To Offer US Stock Trading In the UK
Co-founder and Chief Executive Officer (CEO) of Robinhood Vladimir Tenev confirmed the expansion toward the UK sector in an interview with Bloomberg. According to the CEO, the expansion aims to bring the US stocks into the UK market.
The CEO stated:
The intention is, for the U.K. market, Robinhood to be the best place to invest U.S. stocks, U.S. dollars, and we believe we can fill that need better than anyone else.
Tenev noted that the company plans to gradually extend its platform to all users in the United Kingdom in early 2024. With the launch, consumers in the UK market will be able to trade 6,000 equities in the US market.
The CEO further asserted that a waitlist has been made available to people who wish to gain early assess to the app. Furthermore, the platform’s launch in the UK is under the Financial Conduct Authority (FCA) regulation.
Additionally, the platform offers users features like a five percent interest, and can change their uninvested funds from pounds to dollars. These offers aim to attract a larger range of investors, particularly those with little financial resources.
Robinhood’s expansion sparks wider growth for its business globally. The CEO explained, “I aspire for Robinhood to be a global company. That’s been the plan from the very beginning. Baiju and I started this company as immigrants and children of immigrants, and so, the idea of making our services […] available to anyone in the world is just the vision that I had in mind from the very beginning.”
The company’s entry into the UK market also puts it in direct competition with national and international companies. These include companies like Public.com, based in New York, Revolut, and Freetrade, among others.
Zero – Fee Trading Initiative
The CEO also underscored the platform’s commitment to offering Zero-Fee trading and accessible trading alternatives for UK users. This initiative is similar to the effective charge reduction strategy that was put in place in the US before the epidemic.
Notably, Robinhood does not demand any commission fee for buying and selling stocks on the platform. Due to this, individuals can start creating their investment portfolios with a minimum of one US dollar (79p).
Tenev explained:
So we are launching imminently to the initial set of customers in the UK, and what we are launching is a commission-free share trading of US stocks.
With its zero-fee trading strategy, the platform’s introduction into the UK market will completely change how average investors interact with the stock market.
Also, with its focus on technology and user-centric features, the platform is poised to impact the current market. It will also bring fresh energy to the UK investment landscape.
