The U.K. government published its final proposed rules for crypto and stablecoins on Monday.
Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said.
UK Lawmakers Pass Bill to Help Seize Illicit Crypto
The bill lets law enforcement freeze crypto without a conviction, promising faster and more substantial seizures.
Crypto firms have already breached new UK promo rules 221 times, says FCA
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too.
UK Regulator Warns Crypto Firms of ‘Hard to Read’ Risk Warnings
The Financial Conduct Authority has blocked Binance’s chosen ad approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct.8.
Archax to Launch Regulated Exchange for Tokenized Assets This Year
The company also said it tokenized an abrdn market fund in euros, pounds and dollars and has a pipeline of several hundred million dollars to be held in the fund.
DLT Securities Rules Are Here to Stay, EU Official Says
New European laws took effect in April, but fears over its limited scale may have inhibited take-up.
UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income
The Ministry of Justice’s proposed “Help with Fees” scheme will not classify cryptocurrencies as disposable income following a public consultation.
Binance to Stop Accepting New U.K. Users to Comply With Ad Rules
The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance’s local partner from approving crypto ads.
U.K. Group Calls for NFT Copyright Infringement Safeguards and Code of Conduct
The Culture, Media and Sport Committee, which includes representatives from several political parties, started an inquiry into non-fungible tokens in November.
Nomura-Backed Komainu Joins UK Crypto Register
The firm registered with the Financial Conduct Authority just before new ad rules took effect on Sunday.
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.
Why Some Crypto Firms Are Suspending Services in the U.K.
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect.
UK Regulator Saw ‘Poor’ Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
Chase U.K. to Block Crypto Payments Citing Fraud, Scams
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets.
UK politicians don metaverse avatars as they share Web3 roadmap
“Web3 represents a paradigm shift that reimagines the very fabric of the internet,” said British MP Natalie Elphicke.
UK Just Passed an Online Safety Bill That Will Apply to the Metaverse
The bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks.
Cøbra Can’t Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again
The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous.
UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding
The Economic Crime and Corporate Transparency Bill set to become law later this year removes some legislative hurdles that slow local cops from freezing crypto linked to crime.
Weak competition in AI race could hurt consumers: UK watchdog
The UK’s Competition and Markets Authority wants to prevent AI from being used to undermine consumer trust.