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FCA Sues HTX for Unauthorized Crypto Promotions to UK Consumers


The UK Financial Conduct Authority (FCA) has filed civil proceedings in the High Court against HTX (formerly Huobi), alleging the exchange unlawfully promoted crypto asset services to UK consumers in breach of Britain’s financial promotions regime. HTX is not authorized to operate in the UK....

Bank of England Targets Late 2026 for Stablecoin Regulation


The Bank of England (BoE) plans to establish a regulatory framework for stablecoins by the end of 2026. UK Seeks to Match U.S. Progress The Bank of England (BoE) is reportedly aiming to establish a stablecoin regulatory framework by the end of 2026 as it seeks to keep pace with other jurisdictions...

UK Tax Authority Targets Crypto Investors with 65,000 ‘Nudge’ Letters


The UK tax authority has intensified its efforts to address crypto tax non-compliance, sending around 65,000 “nudge” letters in the 2024–25 tax year. Surge in ‘Nudge’ Letters Revealed by FOIA The United Kingdom’s tax authority, His Majesty’s Revenue and Customs (HMRC), has escalated its crackdown...

Bitcoin Seizure Sparks Tension Between UK Treasury and Chinese Victims


The UK government is weighing a compensation plan for victims of a major crypto fraud involving 61,000 BTC seized from Chinese scammer Zhimin Qian. Details of the Seizure and Conviction The United Kingdom government is considering a compensation plan for victims of a major fraud case that could...

Bank of England Considers Exemptions to Stablecoin Holding Caps


The U.K. central bank reportedly plans to grant exemptions to proposed limits on stablecoin holdings for entities like cryptocurrency exchanges. Embracing Change and Competition The Bank of England (BOE) reportedly plans to grant exemptions to proposed limits on stablecoin holdings for entities...

Ripple Joins US-UK Power Circle as Crypto Policy Enters Critical Phase


Global crypto leadership is accelerating as the U.S. and U.K. deepen digital asset ties, aiming to redefine blockchain standards and fuel unstoppable innovation. Ripple Signals Regulatory Ambitions in US-UK Digital Asset Summit Stronger collaboration on digital assets between the United States...

US and UK Form Taskforce to Redefine Global Rules for Digital Assets


The U.S. and U.K. are joining forces to supercharge digital asset innovation and transform capital markets through a powerful new taskforce. US-UK Pact Sets Stage for Deep Overhaul in Global Digital Asset Policy The U.S. Department of the Treasury announced on Sept. 22 that it will work with...

IG to Acquire Independent Reserve to Boost Asia‑Pacific Crypto Expansion


UK-headquartered IG Group said it has agreed to acquire Australian crypto exchange Independent Reserve for an initial enterprise value of $117.4 million (A$178 million), accelerating IG’s push into Asia‑Pacific crypto markets and adding a crypto‑native team to the group. IG said the bolt‑on deal...

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