Browsing category

UK Crypto News

UK Crypto News

UK’s FCA grants regulatory approval to Ripple

The approval allows limited crypto-related activities but not full financial services authorisation. Registration confirms compliance with anti-money laundering and counter-terrorist financing rules. The approval supports Ripple’s expansion in regulated international markets. Ripple has taken a formal step into the regulated UK crypto market after securing approval from the country’s financial watchdog. The development places Ripple […]

UK drops mandatory digital ID for workers after backlash and liberty concerns

Almost three million people signed a parliamentary petition opposing mandatory digital ID cards. Digital right-to-work checks will remain mandatory under the updated policy approach. The UK digital ID scheme, expected around 2029, will be offered as optional alongside electronic alternatives. The UK government, led by Prime Minister Keir Starmer, has dropped plans to make a […]

Bybit returns to UK crypto market after 2 years

The exchange restarted access on Thursday, including spot trading across 100 currency pairs. FCA financial promotion rules introduced in October 2023 led several crypto firms to end UK operations. The UK government has said it intends to establish a crypto rulebook by 2027. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, says it has […]

UK recognises crypto as property in major digital asset shift

UK law now formally recognises cryptocurrencies as personal property under new legislation. The Property Digital Assets Act gives courts clearer rules for ownership and asset recovery. Rising crypto adoption pushed the UK to strengthen legal clarity for digital asset rights. The UK has made a major change to how digital assets are treated in law, […]

UK launches major crypto fraud investigation into collapsed Basis Markets project

Two men were arrested during searches in London and near Bradford. Basis Markets raised at least $28 million from investors in 2021. Investors received valueless NFTs and tokens during the fundraising rounds. UK authorities have opened a wide-scale criminal investigation into Basis Markets, bringing new attention to a failed crypto project that raised millions during […]

BlackRock brings Bitcoin ETP to UK as regulator opens door for crypto products

ETP mirrors bitcoin price and trades via the London Stock Exchange. UK aims to become a global hub for regulated digital-asset products. FCA allows tokenisation of investment funds using blockchain technology. The investment giant BlackRock has launched its first bitcoin-linked exchange-traded product (ETP) in the United Kingdom, signalling a major step in bridging traditional finance […]

Kraken looks to expand US derivatives business with $100M IG deal

Deal includes $32.5 million cash and $67.5 million in Payward stock. Acquisition grants Kraken CFTC-licensed access to US derivatives market. Kraken strengthens position ahead of planned IPO in early 2026. Kraken has acquired the US-licensed Small Exchange from IG Group in a $100 million deal, as the crypto exchange strengthens its push into regulated derivatives […]