Category: United Kingdom

FCA seeks crypto forensics help amid AML registration backlog

FCA seeks crypto forensics help amid AML registration backlog

The United Kingdom’s Financial Conduct Authority (FCA) is looking to hire a third-party crypto forensics service provider by mid-December at the latest. According to a tender offer published by the FCA on November 15, the contract is valued at £500,000 ($672,000) with a tenure of almost two years, ending on December 6, 2023. “The FCA is […]

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55% of Britons Believe Banning Bitcoin Would Not Make The Planet Greener: Poll

A recent survey revealed that the majority of the UK residents would not support their government if it imposed a crackdown on bitcoin due to environmental reasons. Somewhat expectedly, the elderly were bigger proponents of the move. Not The Best Idea The first ten months of 2021 have been another turbulent period for bitcoin. The […]

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Less than three weeks in, quarterly investment in European crypto companies hits new highs

Less than three weeks in, quarterly investment in European crypto companies hits new highs

Investment in crypto and DeFi businesses in Europe has already surpassed quarterly records, just a few weeks into the fourth quarter. Data from startup analytics platform Dealroom puts fourth quarter investment in crypto businesses in Europe and the United Kingdom at €793 million (roughly $925 million). The bulk of that total comes from massive fundraises […]

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Bank of England leader calls crypto regulation a ‘matter of urgency’ for financial stability

Bank of England leader calls crypto regulation a ‘matter of urgency’ for financial stability

Tightening ties between traditional finance and cryptocurrency markets mean that regulators around the world can’t stop talking crypto. On October 13, Jon Cunliffe, deputy governor of financial stability at the Bank of England, spoke on the risks crypto poses to the financial system, particularly in  stablecoins, decentralized finance and derivatives trading on unbacked digital assets.  […]

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Former Chancellor Philip Hammond: UK’s treatment of digital assets is a ‘huge risk’ for finance sector

Former Chancellor Philip Hammond: UK’s treatment of digital assets is a ‘huge risk’ for finance sector

Lord Philip Hammond, the United Kingdom’s former Chancellor of the Exchequer, has warned that the nation’s finance sector is at risk of falling behind global rivals unless regulators do more to help firms embrace digital assets.   In a written interview with The Block, Hammond said that the dialogue among U.K. policymakers needs to shift […]

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UK gambling regulator is looking into NFT fantasy soccer league Sorare

UK gambling regulator is looking into NFT fantasy soccer league Sorare

Sorare, a fantasy soccer platform dealing in non-fungible tokens (NFTs), is facing scrutiny from the United Kingdom’s gambling watchdog.  A consumer information notice from the UK Gambling Commission clarified that the platform is not licensed by the regulator. “This means that any activity completed on the site by consumers in Great Britain is outside of […]

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Revolut to Reportedly Launch Own Cryptocurrency Token

According to a recent report, Revolut seeks approval from UK’s securities regulator to launch its exchange token. Should the initiative be greenlighted, it will start from Europe and other non-US-based locations. Citing people familiar with the matter, CoinDesk reported earlier that Revolut – a leading fintech firm – wants to release its cryptocurrency token. One […]

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PayPal’s U.K. Customers Can Now Buy, Sell, and Hold Bitcoin

Global payments giant PayPal disclosed on Friday that its customers in the United Kingdom can now buy, sell, and hold multiple cryptocurrencies, including bitcoin and ether, directly from their accounts. PayPal’s Crypto Services Now Available For UK Users “We are delighted to share that all eligible customers in the UK can now buy, hold, and […]

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UK Hedge Fund Brevan Howard Plans to Launch a New Cryptocurrency Division: Report

UK Hedge Fund Brevan Howard Plans to Launch a New Cryptocurrency Division: Report

Brevan Howard – a UK-based hedge fund – would reportedly expand its cryptocurrency endeavors by hiring a new executive to lead private and venture investments in the field. Additionally, the firm would launch a new digital asset division called BH Digital. Taking Another Step Brevan Howard – a British hedge fund – aims to be […]

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Digital Pound Does Not Sound Like a Good Idea to 30% of Brits: Survey

According to recent research, every third British citizen fears that a potential digital pound could bring more harm than benefits to the UK economic system. In contrast, 24% believe the so-called Britcoin would turn to be a successful financial instrument. Britcoin Brings More Suspicion Than Excitement The US journalism company Politico surveyed 2,500 British adults to […]

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