2020-2-12 02:31 |
UK regulator FCA suspends ePayments operations due to anti-money-laundering controls
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UK’s Financial Conduct Authority has kicked off a consultation on proposed crypto rules that would bring the industry under formal regulatory oversight by 2027. According to a Financial Times report, the FCA unveiled three consultation papers on Tuesday with the…
The UK’s Treasury department hopes to finalize its cryptocurrency regulations by late 2027 by bringing the sector under a regulatory framework that mirrors oversight in traditional markets. According to a report from The Guardian, the crypto sector, which has been…
Kraken co-CEO Arjun Sethi argues that the U.K’s rules on the promotion of virtual assets is hurting the consumer experience and may deter potential users from investing in crypto. According to a report by the Financial Times, Kraken co-CEO Arjun…
If the UK softens its stance towards stablecoins, it could pose risks to financial stability and trigger a credit crunch, according to the Bank of England’s deputy governor, Sarah Breeden, who has recently defended the central bank’s proposed holding limits…
Zhimin Qian, the Chinese “cryptoqueen” arrested for masterminding a $5.5 billion Bitcoin scam, has received an 11-year jail sentence in the U.K.
Coinbase is taking another step toward blending crypto with everyday finance in the UK with the introduction of a new savings account for GBP balances. Coinbase has introduced a new savings account product for customers in the United Kingdom, offering…
With a comprehensive crypto policy, the UK can position itself as the bridge between traditional finance and the digital future.