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 ...
Bitpanda has secured regulatory approval from the UK’s Financial Conduct Authority (FCA), allowing it to expand its services in the country. In a February 12 blog post, the Austrian cryptocurrency exchange confirmed that it is now authorized to offer over 500 cryptocurrencies to UK investors. The also approval enables it ...
In a coordinated international effort, the United States, the United Kingdom, and Australia have imposed sanctions on Russia-based hosting provider Zservers and its UK-based affiliate, XHOST Internet Solutions LP, for allegedly facilitating cybercrime. The sanctions, announced on February 11 by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), Australia’s ...
Crypto custodian Copper Technologies Ltd. has withdrawn its application to register with the UK’s Financial Conduct Authority (FCA), signalling a shift in focus to international hubs under its new CEO, Amar Kuchinad. According to Bloomberg, Copper's decision to pivot away from the UK follows its failure to obtain permanent registration ...
Awareness of cryptocurrency in the UK is growing, with recent data showing an increase from 91% to 93%, according to a report from the Financial Conduct Authority (FCA). The average value of crypto held by individuals also grew from £1,595 to £1,842. Notably, the most common source of information for ...
The British government is reportedly planning to introduce new crypto regulations by December 2024 to retain crypto companies drawn to the pro-crypto policies emerging in the U.S. under President-elect Donald Trump. According to Bloomberg, the U.K. Treasury is preparing two key legislative measures aimed at crypto assets. One will focus ...
The global crypto ATM market, valued at $87.35 million in 2023, is projected to grow to $2.58 billion by 2032, according to a new report from Research and Markets. This growth is attributed to the rising acceptance of cryptocurrencies and supportive regulatory policies worldwide. Size of Global Crypto ATM market ...
