Revolut wins FCA approval to launch UK private banking

Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK. Victoria Laffey, head of operations at Revolut Trading, said the new permissions are “the missing piece allowing us to unite investment, advisory…

UK watchdog raids eight London sites over illegal P2P crypto trading

UK regulator FCA raided eight London sites over alleged illegal P2P crypto trading, issuing stop notices and escalating its wider crackdown on unregistered platforms. According to Reuters, the UK’s Financial Conduct Authority (FCA) has raided eight locations across London suspected…

U.K. energy firm Reabold to explore Bitcoin mining as an early-stage funding tool

Reabold Resources is considering a plan to use gas from its Yorkshire site to power a small Bitcoin mining operation. However, the company says it is more of an early-stage test rather than a pivot away from energy production. According…

Nigel Farage faces potential FCA probe over links to Bitcoin treasury firm

Nigel Farage is facing calls for a formal regulatory probe into his financial involvement with the cryptocurrency firm Stack BTC following his appearance in the company’s promotional content. The Liberal Democrats sent a letter to the Financial Conduct Authority (FCA)…

UK committee pushes for political crypto donation ban over foreign influence risks

UK lawmakers are raising concerns over the risks tied to crypto donations, which they claim can open the door to foreign influence in political financing. In its latest report, the Joint Committee on the National Security Strategy urged a moratorium…

UK Banking Heavyweight Barclays Weighs Major Step Into Blockchain-Based Payments And Deposits

Barclays is reportedly assessing a possible move into blockchain infrastructure, as tradfi institutions adapt to the increasing influence of stablecoins.