The security will launch on HSBC’s Orion platform within the BoE and FCA’s Digital Securities Sandbox to test reduced settlement times and costs.
A Treasury-backed report targets putting repo, gilts and funds onchain within two years, and warms to permissionless networks that firms like Ripple have been building on.
The 54 firm-strong group, which is backed by the City of London Corporation, will spend the next year working on live tokenisation use cases across UK financial markets.
The license allows institutional traders to access perpetual futures and gives U.K. retail customers the ability to trade equities to begin with.
The U.K. FCA's crypto framework has been praised for prioritizing global liquidity and institutional adoption, but the authorization process is expected to be daunting.
The Financial Conduct Authority's proposal follows the Bank of England's backtracking on the limit to the value of stablecoins an individual could hold.
The Bank of England has dropped the piece of its stablecoin plan that the industry hated most, the proposed £20,000 limit on how much sterling stablecoin any one person could hold, along with the £10 million ceiling for businesses. In their place, the central bank's June 22 policy statement set a single £40 billion cap […]
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Former FCA policymaker and Hedera Global Policy VP, Isadora Arredondo says there is a gap between the U.K.'s crypto ambitions and how policy is carried out in practice.
Keir Starmer’s decision to step down as UK prime minister has opened a race for Downing Street just as Britain enters the final stages of building one of its most consequential financial regulatory frameworks in years. On June 22, Starmer said that he would remain in office until Labour selects a successor, ending a premiership […]
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The U.K. central bank abandons retail holding limits for a 40-billion-pound aggregate cap and sweetens yield terms for token issuers ahead of a 2027 market launch.
Stand With Crypto UK is telling its members to file formal complaints with high-street banks over sector-wide transfer bans.
The Financial Conduct Authority proposed allowing some investment schemes to add exposure to crypto exchange-traded notes.
The FCA said unauthorized firms could be breaching rules on financial promotions through high-profile sponsorships deals.
The Bank of England proposed limits of 20,000 pounds per coin for individuals and 10 million pounds for businesses.
Western governments spent three years building what they believed was an airtight financial blockade around Russia, severing its banks from SWIFT, freezing sovereign reserves, and barring major institutions from clearing dollar transactions. And according to British authorities, Russia may have spent much of that same period engineering an alternative financial system designed to circumvent it […]
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The UK sanctioned crypto exchange HTX due to alleged ties to Russian sanctions evasion networks and illicit financial activity.
U.K. authorities sanctioned HTX, saying there were "reasonable grounds to suspect" the crypto exchange was helping Russia by cooperating with ruble stablecoin A7A5.
Bitcoin trades 24 hours a day, 365 days a year, and stablecoins can cross borders in seconds on a Sunday morning. And yet, if a major UK institution needed to move collateral, settle a high-value payment, or shift liquidity between clearing houses over the weekend, much of that activity had to queue up and wait. […]
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While the FCA opens its doors to market pilots, structural delays and legislative friction are fueling industry frustration over a framework trailing behind the U.S. and Europe.
The U.K.’s financial watchdog and central bank unveiled their roadmap for tokenization, the use of stablecoins for institutional settlement and a phased transition toward 24/7 operation.
Restrictions proposed by the BOE prompted criticism from the crypto industry, which said they risked preventing the U.K. from being competitive in the digital economy.
If found guilty of violating the Parliamentary code of conduct, the Reform UK party leader could be suspended from the House of Commons.
Christopher Harborne is British-born, Cambridge-educated, and has lived in Thailand since 1996. He goes by the Thai name Chakrit Sakunkrit, holds Thai citizenship, and controls a reported 12% stake in Tether, the stablecoin issuer behind roughly $184 billion in circulating USDT. According to the Guardian's investigation, he's also the single largest donor in the history […]
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The Conservative and Labour parties argued Nigel Farage broke Commons rules by not declaring the £5 million, but Reform UK said it was an exempt, personal, unconditional gift.
UK authorities have carried out their first coordinated operation against suspected illegal peer-to-peer crypto trading, sending a clear and simple message to the market: once a person turns crypto dealing into a business, the state expects names, checks, records, and accountability. The Financial Conduct Authority (FCA) said it worked with police and tax officials to […]
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The sites were targeted for facilitating P2P trading without required registration or anti-money laundering controls, posing a financial crime risk.
Stratiphy will offer access to three ETNs provided by 21Shares: those covering bitcoin, ether and one combining BTC and gold.
Bybit CEO Ben Zhou was invited to meetings in the U.K. this week with government-linked bodies including the FCA and House of Lords.
Reabold Resources' gas field is so large it could theoretically mine 50,000 BTC, local media said. The firm said it will test bitcoin mining before pivoting to data centers.
Truss criticized central banking and defended her mini-budget, suggesting bitcoin and a CPAC UK conference could help push for economic reform.