Category: United Kingdom

Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin Ransomware Payments

Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin Ransomware Payments

A former U.K. cybersecurity chief has raised concerns that ransomware incidents are close to “getting out of control.” Ciaran Martin has also called for laws to prevent people from paying bitcoin to cybercriminals. Former Official Claims Most of the Cybercriminals Are Based in Russia During an interview with The Guardian, Martin, who was the head […]

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After $750M Bitcoin Allocation, Ruffer Investment Says BTC is Early in Its Safe Haven Cycle

Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC. The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative […]

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Coinbase Issues a Public Apology to EU and UK Customers — Did Not Address Its Global Issues

Coinbase Issues a Public Apology to EU and UK Customers — Did Not Address Its Global Issues

Cryptocurrency exchange Coinbase published a statement addressing their U.K. and E.U. customers, apologizing for system outages and account restrictions. The company also recognized their customer support “has not been at the levels” expected. High Flow of Incoming Customers According to the public apology, the U.S.-based crypto company said customers from both regions have been facing […]

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New Users and Regulations: Coinbase Explains The Cause of Issues Amid Latest Bitcoin Price Volatility

The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements. More Users Led To Problems On Coinbase Coinbase users located in the UK […]

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UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach

UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach

Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is initiating a “regulatory approach to cryptoassets and stablecoins” for 2021 following the Brexit turmoil. Special Focus on Stablecoins Regulation According to the official announcement, the consultation mainly targets stablecoins to […]

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Bitcoin gifts and pub quizzes: How UK crypto firms are boosting morale with a third lockdown in place

Bitcoin gifts and pub quizzes: How UK crypto firms are boosting morale with a third lockdown in place

As the United Kingdom enters a third national lockdown to get rising infection rates linked with a newly identified strain of Covid-19 under control, the nation’s crypto startups are taking steps to boost staff morale. The government’s new restrictions mean people must stay at home and work from wherever possible, while most non-essential shops have […]

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UK crypto ATM operators have scrambled to keep up with new regulatory demands. Will it be enough?

UK crypto ATM operators have scrambled to keep up with new regulatory demands. Will it be enough?

Quick Take Crypto ATM businesses have been hit hard by the pandemic lockdowns — and face strict anti-money-laundering rules. Operators have introduced a raft of new checks on would-be customers in 2020, leading in some cases to lower usage.  This feature story is available to subscribers of The Block Daily. You can continue reading this […]

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Police Arrests Another Suspect on the 100 BTC Ransom Kidnapping in India

The 100 BTC kidnapping case in the Indian state of Karnataka continues to develop as the local police have arrested another suspect on the case. Reports say he was the one who abducted the kid in front of his home after being recruited by the mastermind of the entire operation. Progress On A 100 BTC […]

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UK Watchdog Prolongs Temporary Registration Regime for Cryptocurrency Businesses

UK Watchdog Prolongs Temporary Registration Regime for Cryptocurrency Businesses

UK’s Financial Conduct Authority (FCA) has informed that it will extend the registration time for existing cryptocurrency businesses. The regulator has set the new date to July 9, 2021. A New Deadline for Existing Crypto Establishments The “Temporary Registration Regime” will stretch the filing time by a few months – from the previously announced January […]

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Room For Growth? Only 10% of UK Citizens Have Purchased Bitcoin

Room For Growth? Only 10% of UK Citizens Have Purchased Bitcoin

Despite growing in price and popularity in the past few months, bitcoin still far away from receiving attention from the masses. A recent study compiled in the UK concluded that only 10% of the participants had purchased BTC, with Londoners being most akin to bitcoin exposure. 10% Of UK Citizens Bought BTC Following the latest […]

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