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UK Law Enforcement Will Soon Have More Power to Seize Crypto Assets
1.3.2024
A crime bill passed last year gave law enforcement agencies more power to seize and freeze crypto
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
22.2.2024
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law
UK Police Seize 61,000 Bitcoins From Huge Chinese Investment Fraud
2.2.2024
The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than 128,000 investors. British Police Seize Over...
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
25.1.2024
Many respondents to the digital pound consultation said that they had concerns about privacy and control
Lawmaker Calls for the UK Government to Do More for Blockchain
15.12.2023
Member of Parliament Natalie Elphicke also announced that the parliamentary group she chairs will be hosting industry round tables and a call for evidence
FCA Has Dealt With 1,400 Cases Related to Unregulated Crypto Activity, UK Regulator Reveals
13.12.2023
The U.K. Financial Conduct Authority (FCA) has revealed that it has dealt with over 1,400 crypto cases between January 2020 and June 2023. The regulator noted that “a shortage of crypto skills meant the FCA took longer than planned to register crypto-asset firms under money laundering...
Crypto.com Receives UK Authorization as an Electronic Money Institution
4.12.2023
The exchange said it plans to use the license to offer e-money products in the U.K
UK's Proposed Crypto Rules Could Drive Away Foreign Firms, Lawyers Say
16.11.2023
The government has said it won't extend certain regulatory exemptions reserved for foreign TradFi firms to crypto
UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith
14.11.2023
His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology
International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up
10.11.2023
Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement
UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says
8.11.2023
The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means...
UK Government’s Ambition to Make Britain a Global Crypto Hub ‘Remains Steadfast’
2.11.2023
Britain’s Economic Secretary to the Treasury Andrew Griffith MP has reaffirmed the government’s ambition to make the U.K. a global hub for crypto asset technologies. He stressed that in order to realize this ambition, “we must make the U.K. a place where cryptoasset firms have...
New Law Expands Police Powers to Seize Crypto in UK
28.10.2023
A new law that gives law enforcement agencies greater powers to seize, freeze, and recover crypto assets has entered into force in the U.K. The law introduces provisions for police to “seize crypto assets more easily and convert them into money before a forfeiture hearing has taken...
Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern
27.10.2023
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said
UK Lawmakers Pass Bill to Help Seize Illicit Crypto
26.10.2023
The bill lets law enforcement freeze crypto without a conviction, promising faster and more substantial seizures
UK’s FinProm a welcome change, but challenge persists: Transak compliance head
25.10.2023
Transak’s compliance chief James Young told Cointelegraph that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space
Archax to Launch Regulated Exchange for Tokenized Assets This Year
24.10.2023
The company also said it tokenized an abrdn market fund in euros, pounds and dollars and has a pipeline of several hundred million dollars to be held in the fund
Binance Stops Accepting New Users in UK to Comply With Crypto Regulations
18.10.2023
Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions...
British MPs urge action on NFT copyright infringement, crypto fan tokens
11.10.2023
A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms
UK Regulator Issues 146 Crypto Alerts Within 24 Hours
10.10.2023
British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms...