United Kingdom’s digital pound meets public backlash — Why?
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency? Go to Source Powered by WPeMatico
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UK bill on online safety should apply in the Metaverse, say lawmakers
Several members of the House of Lords voiced concerns around children’s online activities in legislation aimed at regulating “anything communicated by means of an internet service”. Go to Source Powered by WPeMatico
UK Treasury plans to exclude derivatives and ‘unbacked’ tokens from regulatory sandbox
“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury. Go to Source Powered by WPeMatico
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017. Go to Source Powered by WPeMatico
Clarity needed on crypto lending regulations – UK Law Commission
The Law Commission’s recommendations highlights the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations. Go to Source Powered by WPeMatico
UK government moves forward on bill aimed at empowering authorities to seize crypto
Following a third reading in the House of Lords, the Economic Crime and Corporate Transparency Bill will return to lawmakers to consider changes before being signed into law. Go to Source Powered by WPeMatico
UK financial watchdog reminds crypto firms of October deadline for marketing compliance
Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA’s regime. Go to Source Powered by WPeMatico
UK crypto bill reaches final stage, on track for passage
The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law. Go to Source Powered by WPeMatico
Winklevoss twins’ Gemini launches Ethereum staking in the UK
Gemini Staking Pro allows institutions in the U.K. to become Ethereum validators by locking up at least 32 ETH, worth about $60,000 at the time of writing. Go to Source Powered by WPeMatico
Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk
Binance has drawn attention for using a small building as its registered office in the UK, but tech firms have used a similar trick for years. Go to Source Powered by WPeMatico