Quick Breakdown: A UK blockchain petition backed by Coinbase calls for clear stablecoin rules, blockchain adoption in government, and the creation of a national blockchain “czar.” While the US and EU move ahead with stablecoin regulation and MiCA, the UK risks losing ground without decisive regulatory clarity. The petition has ...
Quick Breakdown FCA has cut crypto registration timelines from 17 months to about 5, boosting approval rates to 45%. By 2026, UK plans to fully regulate crypto firms under banking-style rules. UK and U.S. are in talks on joint oversight of stablecoins and cross-border frameworks. FCA shortens registration timeline and ...
Quick Breakdown: Fraud fears, legal liability, and regulatory ambiguity are the main reasons UK banks are increasingly enforcing banking restrictions that result in blocked transactions to crypto exchanges. This trend is causing widespread frustration among retail traders, with many switching banks, lodging complaints, or abandoning crypto altogether. Fintechs and crypto-focused ...
Quick Breakdown First Pool Token: Backed by money market funds from Aberdeen, BlackRock, State Street, and Legal & General. Efficiency Boost: Enables instant fund creation, faster transfers, and composable investment structures. Institutional Integration: Supports collateralisation and structured products through Archax’s Nest network. Archax, the UK-regulated digital asset exchange, custodian, and ...
Quick Breakdown 27% of UK adults open to including crypto in pensions 23% would consider cashing out pensions to invest in crypto Security, regulation, and volatility remain top concerns Growing Interest in Crypto-Backed Retirement Funds A new survey by UK insurance firm Aviva has revealed that a quarter of British ...
Binance has reopened access to a broader range of its Earn products for qualifying UK Professional Users, following recent regulatory clarifications in the country. Previously, regulatory constraints limited UK users from certain staking, savings, and loan features. The update comes after the UK government clarified that staking is no longer ...
Former UK Chancellor George Osborne has warned that Britain risks becoming irrelevant in the global crypto economy unless it urgently reforms its regulatory approach. In an op-ed for the Financial Times, Osborne criticized the Labour government and the Bank of England for what he described as a slow and indecisive ...
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 ...
