The new regulations revealed by the Financial Conduct Authority include several technical traps which crypto software providers need to watch for to avoid sanctions
Delo did not specify whether he made the donation in fiat currency or crypto, but he expressed support for a proposed U.K. government moratorium on political donations made in cryptoassets
The government halted crypto political donations over concerns about foreign interference, as the Rycroft review warns that anonymity risks undermine democratic transparency.
The deposits will remain interest-bearing, fully backed, and protected by the country's Financial Services Compensation Scheme.
The committee highlighted that the fast payment traits of crypto, along with tools like mixers, tumblers, and AI-assisted splitting of payments below the £500 reporting threshold.
International law enforcement effort targets approval-phishing schemes tied to crypto investment fraud.
The move is a major step in Revolut's goal to become a global digital bank. Services like crypto and stock trading remain separate.
Reform UK leader backs London-listed company chaired by former Chancellor Kwasi Kwarteng as it expands bitcoin strategy.
Revolut is preparing to trial a pound-backed stablecoin inside a regulated stablecoin sandbox in the UK, with testing expected within the current quarter. While this might look like another fintech pilot in the long history of crypto payment tests, the more interesting part sits upstream of the token itself. Revolut has what most stablecoin projects […]
The post Revolut’s digital pound trial shifts the UK payments debate from crypto hype to consumer protections and clarity appeared first on CryptoSlate.
The lifting of the ban on retail investors accessing crypto ETNs was seen as a major win in the adoption of crypto investments due to the possibility of it being added to products like ISAs.
The London-based company elected to withdraw its application for FCA licensing in March 2022 having not won approval ahead of an impending deadline.
The ETP offers physically backed exposure to bitcoin and gold in a single investment vehicle.
The FCA said firms wishing to undertake crypto-related activity will be need to be authorized when a new regime starts in October 2027.
Ripple has gained FCA registration through its U.K. subsidiary, marking a key regulatory milestone as Britain moves to bring crypto into its financial framework.
A long-awaited crypto regime in the U.K. is moving from theory to execution, even if firms must wait until 2027 for full clarity.
Bybit exited the U.K. in 2023 following a tightening of rules around the promotion and marketing of crypto services.
The proposals outline a "similar approach" to regulating crypto as in TradFi, echoing the U.K. Treasury's intention to extend financial rules to crypto.
The UK Treasury has set October 2027 as the date its full cryptoasset regime comes into force. For the first time, exchanges, custodians and other crypto intermediaries serving UK clients know they will need FCA authorisation under FSMA-style rules to keep doing business, rather than just a money-laundering registration and a risk warning. The reaction […]
The post Crypto investors gain critical protection in bankruptcy, even as a “conservative” rule threatens liquidity appeared first on CryptoSlate.
The Digital Chamber is among the oldest and largest crypto advocacy groups, and it'll now incorporate CryptoUK into its widening operations.
The UK doesn’t pass many one-clause statutes that redraw the map of personal property, but that’s exactly what arrived with Royal Assent on Dec.2. After years of academic papers, Law Commission consultations, and scattered High Court judgments trying to make old categories fit modern assets, Parliament finally said that digital and electronic assets can exist […]
The post Crypto officially becomes a “third category” of property, fixing the fatal flaw in digital asset ownership. appeared first on CryptoSlate.
Christopher Harborne has invested in stablecoin issuer Tether and crypto exchange Bitfinex, according to reports.
The Property (Digital Assets etc) Act received Royal Assent on Tuesday, the final step of an act becoming law after being passed by the U.K. Parliament.
Bridgepoint did not disclose the financial terms of the deal. Sky News cited a figure of 200 million pounds ($262 million).
A billion-pound laundering network spread across the UK used cryptocurrency to move criminal proceeds and help Russian interests evade sanctions, according to the NCA.
Arjun Sethi said questionnaires and warnings about potential financial loss slow down transaction times while asset prices are moving.
ClearToken won authorization from the U.K.’s FCA to roll out CT Settle, a delivery-versus-payment settlement system for crypto, stablecoins and fiat currency.
The U.K.'s central bank said on Monday it is proposing "temporary" limits of 20,000 pounds ($26,300) per coin for individuals and 10 million pounds for businesses.
BOE Deputy Governor Sarah Breeden tied the need to impose caps on stablecoin holdings to the U.K.'s mortgage market, which relies on commercial bank lending.
Isle of Man-based KR1 is currently listed on the small cap Aquis exchange and intends to move to the principal LSE market.
The financial watchdog previously issued warnings going back to 2023 about the exchange, which has links to Tron founder Justin Sun.