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UK Crypto News
UK police now have powers to seize, freeze or destroy criminal crypto holdings. It follows new legislation that comes into effect today, April 26, 2024. Reforms to help UK’s national security, said Home Secretary James Cleverly. Law enforcement officials in the United Kingdom can now seize, freeze or destroy crypto assets deemed to be illicit […]
Barclays, Lloyds, and Citi banks experimenting with tokenised deposits. The trial aims to explore digital banking potential amidst the uncertain future of ‘Britcoin’. BIS’s Agora project and UK government support reflect the global push for advanced financial systems. In a bid to explore innovative financial technologies, three major British banks — Barclays, Lloyds Banking Group, […]
Treasury and BOE intensify efforts to explore CBDC feasibility and design options. Emphasis is on privacy and security in the CBDC design process. Discrepancies over holding limits highlight debates within the banking sector. The United Kingdom is ramping up efforts to develop its own Central Bank Digital Currency (CBDC), known as the Digital Pound or […]
Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8. The exchange’s announcement comes ahead of the effective date for new FCA rules for crypto firms. Bybit has notified its customers that it will suspend its services in the UK next month as […]
Chase Bank will start to block crypto payments in U.K. from October 16th. The retail bank says the ban is related to an increase in crypto frauds. Chase Bank has an active user base of well over 1.0 million in the U.K. Chase Bank – a subsidiary of JPMorgan has decided to ban crypto-related transactions […]
Binance and OKX have introduced localized domains and reduced offerings to comply with FCA’s FinProm rules. The FCA has added other major exchanges like KuCoin and HTX to the list of “non-authorized firms.” Besides crypto exchanges, crypto money payment company MoonPay has also complied with the new regulations. Leading cryptocurrency exchanges Binance and OKX, along […]
The HM Treasury today published a policy update to the country’s crypto regulation. In it, the UK government has outlined the FCA’s regime in stablecoin regulation. The Bank of England (BoE) and the Payment Systems Regulator (PSR) will also have a role. The UK government has published a policy update outlining a phased regulation of […]
NFT marketplace, OpenSea has revealed its plan to create a tool to help creators on its platform enforce creator fee payments. It is probably not a new thing whether enforcing or not royalties which have been argued topics in the industry ever since it was introduced. While some platforms have already concluded their side of […]
Lionel Messi, a football star who has bagged seven Ballon d’Or Awards, has joined hands with Sorare to be its brand ambassador and investor. Sorare is an Ethereum-based fantasy soccer game platform that leverages non-fungible tokens (NFTs). Therefore, Messi will be instrumental in how fans connect with players and clubs. Nicolas Julia, the co-founder and […]
UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative. The government aims to pass legislation to officially establish the Digital Securities Sandbox (DSS). The DSS will provide a controlled testing environment for crypto technologies and services. In a move aimed at bolstering the digital asset sector, UK Chancellor of the Exchequer Jeremy […]