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.
The exchange-traded product is already been listed on several European exchanges.
Hargreaves Lansdown says bitcoin lacks intrinsic value and shouldn’t be part of portfolios, even as it prepares to launch crypto ETN trading for clients early next year.
The UK has taken a decisive step toward mainstream crypto adoption after the Financial Conduct Authority (FCA) lifted its three-year ban on retail trading of crypto exchange-traded products (ETPs). The decision, announced on Oct. 8, reverses a January 2021 restriction that prevented retail investors from accessing crypto exchange-traded notes (ETNs) over volatility and consumer-protection concerns. […]
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The U.K. has ended its ban on crypto exchange-traded notes, letting retail investors hold bitcoin and ether ETNs tax-free in pension and ISA accounts.
The BoE will grant waivers to some businesses like crypto exchanges that need to hold large amounts of the tokens.
The license win will allow IG to expand its crypto services and cement its position as a multi-asset trading platform.
Valour, a DeFi Technologies subsidiary, introduced a bitcoin staking ETP to the LSE. It is restricted to professional investors and offers a 1.4% annual yield.
The United Kingdom’s minority party Reform has formally rejected the Bank of England’s proposal to cap stablecoin holdings and its broader plan to introduce a central bank digital currency (CBDC). In a Sept. 18 statement on X, the party’s head of policy, Zia Yusuf, alongside party figurehead Nigel Farage, warned that the measures would damage […]
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British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, […]
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The financial watchdog wishes to adapt its existing rules for financial service companies to the unique nature of cryptoassets
The UK government has imposed new sanctions on entities tied to Russia’s use of cryptocurrencies to bypass Western restrictions. In an Aug. 20 statement, UK authorities said Russia has turned to Kyrgyz financial institutions and opaque crypto channels to move funds through offshore networks. The UK named Kyrgyzstan’s Capital Bank and its director, Kantemir Chalbayev, […]
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The FCA’s reversal of a ban after four years marks more than a regulatory tweak, with some industry voices calling it a turning point for Britain’s role in global crypto markets.
Markets demand a higher premium for U.K. debt compared to U.S. Treasury notes.
The UK Financial Conduct Authority (FCA) has formally lifted its 2021 ban on crypto exchange-traded notes (cETNs) for retail investors. In an Aug. 1 announcement, the regulator confirmed that these products will now be available on UK-regulated markets, marking a significant policy shift to broaden access to digital asset investments. The original ban was introduced […]
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U.K.-based crypto asset firms also face a high risk of being targeted by North Korean hackers, many of which operate on behalf of sanctioned entities, the report said.
Britain’s Chancellor Rachel Reeves is considering a large-scale sale of seized Bitcoin in an effort to help address the “black hole” in the country’s public finances, according to the British newspaper The Telegraph. Estimates place the value of the seized crypto at over £5 billion ($6.7 billion). This move could provide a significant boost to […]
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Regulators will also explore how stablecoins can be utilized in the new Digital Securities Sandbox.
HMRC said the information will help users' crypto activity be linked to their tax record to work out how much tax is payable.
Barclays said it will block cryptocurrency transactions on Barclaycard as of June 27 because of "certain risks" when purchasing crypto.
The U.K.'s incoming rules will be on the more restrictive end, said David Bailey, the executive director of prudential policy at the Bank of England.
Coinbase CEO Brian Armstrong recently met with senior policymakers in the United Kingdom to support the country’s ongoing efforts to shape clear crypto regulations. In a June 16 post on X, Armstrong revealed he had been in London, pictured outside Downing Street, for discussions focused on positioning the UK as a leading crypto hub. While […]
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Optalysys is claiming bragging rights for introducing the LightLocker node, the world’s first server for blockchains that can process data at scale without decrypting it.
Pritchard's elevation is a sign of the FCA's focus on developing a comprehensive regulatory environment for the industry.