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
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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
The UK releases key ambitions for global AI summit
The officials in the U.K. released their priorities for the upcoming global AI summit during which they plan to focus on risk and policy. Go to Source
Julian Assange campaign to hold metaverse political rally against extradition
Julian Assange is currently locked in a London jail fighting a four-year court battle against his extradition to the US. Go to Source
UK considers blanket ban on crypto investment cold calls
The UK Treasury released a consultation paper to understand the grassroots-level impact of a blanket ban on cold calls related to financial services and products. Go to Source
Top UK university partners with AI startup to analyze crypto market
Imperial College London announced a collaboration with AI startup FluidAI to tackle major issues in the crypto market such as liquidity aggregation. Go to Source
PayPal UK to halt Bitcoin purchases until early 2024
PayPal will temporarily halt crypto purchases in the United Kingdom starting from Oct. 1, 2023, expecting to re-enable the service in early 2024. Go to Source
13% of applications approved: British regulator discloses crypto registration stats
Since January 2020, almost three hundred crypto companies have applied for registration with the Financial Conduct Authority, 38 of which were approved. Go to Source