The UK is set to outlaw ransomware payments by public sector bodies and operators of critical national infrastructure, under new proposals unveiled by the Home Office on Tuesday. The move, aimed at undermining the profitability of cybercrime, would extend an existing ban on government departments paying ransoms to cover entities ...
A former officer of the United Kingdom’s National Crime Agency (NCA) has been sentenced to five and a half years in prison for stealing 50 Bitcoin, now worth approximately $5.9 million, that had been confiscated from Silk Road 2.0 co-founder Thomas White. The Crown Prosecution Service reported on Wednesday that ...
In a groundbreaking move for the UK financial sector, Lloyds Banking Group and Aberdeen Investments have executed the country’s first foreign exchange trades collateralized with tokenized real-world assets, leveraging blockchain technology in a pilot with UK-regulated crypto exchange Archax. Announced on Monday via Bloomberg, the pilot involved digital tokens representing ...
In a significant move to bolster innovation in artificial intelligence (AI) and digital finance, the United Kingdom and Singapore have formalized a new partnership focused on AI development and the tokenization of assets. The agreement, reached during high-level discussions in London, aims to enhance cooperation between the two nations in ...
The UK government will require all cryptocurrency firms within its jurisdiction to report comprehensive details on every customer transaction, effective January 1, 2026. This mandate is intended to improve tax compliance and strengthen regulatory oversight within the expanding cryptocurrency industry. Source: Britannica HM Revenue and Customs (HMRC) requires crypto platforms ...
In a sweeping judgment issued on May 12, the British High Court has imposed a General Civil Restraint Order against Craig Wright, effectively barring the Australian computer scientist from initiating further defamation lawsuits without court approval. The ruling, handed down by Justice Edward Mellor, marks a significant legal blow to ...
The UK government has released a draft version of its much-anticipated legislation to bring cryptoasset activities under financial regulation, taking another step toward formal sector oversight. The proposal, which amends the Financial Services and Markets Act 2000 (Regulated Activities) Order (RAO), is now open for technical review. While the draft ...
The UK government has unveiled a 27-page draft legislation aimed at bringing cryptocurrency activities under formal financial regulation for the first time. This move seeks to foster innovation while protecting consumers by extending existing financial rules to digital assets like stablecoins, crypto exchanges, and custodial services. The proposed regulations require ...
A fresh wave of crypto scams targeting political figures has hit the UK, as the verified X account of Member of Parliament Lucy Powell was hijacked to promote a fraudulent cryptocurrency. The hackers used her official platform to push a Solana-based token called “House of Commons Coin” (HOC), misleading followers ...
Leading figures in the cryptocurrency industry have strongly criticized the UK's Financial Conduct Authority (FCA) over its continued ban on crypto derivatives, arguing that the policy is doing more harm than good for retail investors. According to a Financial News report, Joshua Barraclough, CEO of crypto exchange One Trading and ...
