The UK is preparing for a more strict crypto rule, giving the industry about a year to adjust, according to a senior financial regulator. On Tuesday, the country’s financial watchdog listed out its plan to introduce a more thorough and expanded regulatory system for cryptocurrency by 2026. The goal of this plan is to establish […]
UK
Coinbase Obtains FCA Approval to Revolutionize UK Crypto Market
Coinbase continues to build its global presence with a significant milestone. The exchange has secured VASP registration with the UK’s FCA, enabling the company to offer both crypto and fiat products directly within the market. Coinbase Secures VASP Registration with UK FCA Coinbase has secured registration as a Virtual Asset Service Provider (VASP) from the […]
UK Parliament Recognizes Crypto, NFTs as Legal Property Asset
In а pivotаl dеvеlopmеnt, thе UK govеrnmеnt hаs tаkеn а significаnt stеp towаrds lеgitimizing cryptocurrеnciеs, NFTs, аnd tokеnizеd аssеts by introducing а nеw bill in Pаrliаmеnt. Thе bill, аnnouncеd on Sеptеmbеr 11, sееks to rеdеfinе thе lеgаl stаtus of thеsе digitаl аssеts, providing much-nееdеd clаrity аnd protеction for invеstors аnd thе broаdеr crypto mаrkеt. Thе […]
Bitcoin Surges: Google Searches Explode 826% in the UK
In the world of cryptocurrency, Bitcoin is once again taking the spotlight. Following a significant rally in the price of BTC, Google searches for “buy Bitcoin” have surged worldwide, with the United Kingdom leading the pack with a staggering 826% increase in search volume in just one week. The rapid surge in these searches, as […]
Bybit’s Farewell To The UK As FCA Brings New Crypto Regulations
Bybit, a prominent player in the world of cryptocurrency exchanges, has made a significant decision following extensive deliberations. In response to forthcoming marketing regulations set to be enforced by the UK Financial Conduct Authority [FCA] on October 8, the exchange has chosen to withdraw from the UK market. This strategic move reflects the evolving landscape […]
Crypto Asset Freeze Enhancement Act: Protecting UK Financial Ecosystem
In the realm of cryptocurrencies, the United Kingdom has unveiled a new legislative proposal called the Economic Crime and Corporate Transparency Bill, aimed at providing local authorities with the capability to accelerate the process of freezing digital asset holdings. If this bill successfully passes later in the year, it could become law. According to experts, […]
Yet Another Cryptocurrency Initiative By UK’s National Crime Agency
The United Kingdom’s next prime minister is Rishi Sunak. Sunak supports bitcoin and wants to turn the UK into a major center for it. In the midst of this, UK MPs have decided to accept cryptocurrencies as regulated goods and financial instruments. Recently, the UK’s HM Revenue and Customs [HMRC] Department published a series of […]
Cryptocurrency Leash Tightening In UK? Here’s What Ashley Alder Has To Say
Governments from all over the world are taking the initiative to regulate the cryptocurrency industry. Undoubtedly, the market has become exceedingly unstable as a result of the consecutive failures of crypto businesses this year. Regulators have voluntarily intervened as a result of clients losing billions. For instance, Australia’s crypto rules will probably get stricter in […]
Cryptocurrency Now Recognized As Regulated Financial Instruments And Goods: UK Lawmakers
The United Kingdom’s newest prime minister, Rishi Sunak, is a huge crypto enthusiast. As Sunak supports cryptocurrency it has been made clear that he wants to turn the UK into a major center for it. In the midst of this, UK Lawmakers have decided to accept cryptocurrencies as regulated goods and financial instruments. The inclusion of […]
UK Lawmakers Begin Probe On The Crypto Sector
The UK government’s “Crypto and Digital Assets All Party Parliamentary Group” [APPG] has begun an inquiry into the nation’s crypto industry in order to prepare a report and recommendations to share with the government. As per a press release, the APPG revealed that the probe will focus on issues relating to the crypto and digital […]