UK to launch Digital Securities Sandbox in Q1 2024
HM Treasury’s Digital Securities Sandbox will have “a new rule set that would allow it to do new things with digital securities.” Go to Source
United Kingdom
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IBM, Microsoft, others form post-quantum cryptography coalition
The coalition includes Google sibling company SandboxAQ and the University of Waterloo. Go to Source
Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move
Coinbase CEO Brian Armstrong has been actively pursuing the exchange’s expansion ambitions in the United Kingdom amid mounting legal issues in the U.S.. Go to Source
JPMorgan’s subsidiary Chase UK to restrict crypto transactions
Starting from Oct. 16, Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions. Go to Source
Bybit will suspend services in UK following financial regulator’s ‘final warning’
Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to “regulatory changes”. Go to Source
EU Parliament research recommends non-EU nations tighten crypto regulation
Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report. Go to Source
UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance
The financial regulator expressed its frustration at the lack of engagement from crypto firms in a strongly worded letter. Go to Source
Signal hints at leaving UK market following passage of online safety bill
Critics of the U.K. Online Safety Bill had pushed for amendments prior to passage, claiming the legislation could allow authorities a backdoor for end-to-end encryption services. Go to Source
UK House of Lords passes bill to seize stolen crypto
During the bill’s review phase, the House of Lords agreed on certain amendments to clarify its intent of targeting monetary proceeds from fraud or other financial crimes. Go to Source
UK financial watchdog could give crypto firms until January 2024 for marketing compliance
Companies offering crypto services to U.K. residents have an Oct. 8 deadline to run “clear, fair and not misleading” marketing campaigns, but some could have until Jan. 8. Go to Source
