HSBC, Nationwide To Restrict Crypto Purchases With Credit Cards: Report
HSBC Holdings and Nationwide Building Society in the United Kingdom have banned retail customers from purchasing cryptocurrency with credit cards. They are the latest in a growing line of banks in the UK to tighten restrictions on digital assets.
UK Law Enforcement and Regulators Join Forces to Dismantle Illegal Crypto ATMs
UK authorities have raided several properties around Leeds suspected of hosting illegally operated cryptocurrency automatic teller machines (ATMs).
UK Think Tank Launches a Crusade Against ‘Surveillance’ CBDCs
The U.K. Tax Reform Council has launched a campaign against the Bank of England's plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system.
UK FCA To Take Action Against Unregistered, Illegal Cryptocurrency ATMs
The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs).
UK Takes Another Step Towards Crypto Regulation With ‘Britcoin’ Proposal
After 6 February’s announcement about crypto firms, the United Kingdom moved another step closer to launching a Central Bank Digital Currency (CBDC). On that note, there has been a consultation paper outlining the proposed digital pound, dubbed “Britcoin” by the public.
Bank of England and Treasury Explore Possibility of Launching a State-Backed 'Digital Pound'
The central Bank of England and the UK Government will today, reportedly, formally start a consultation for the 'digital pound'.
UK Crypto Firms Could Be Jailed for 2 Years for Violating Advertising Laws
According to the United Kingdom’s financial watchdog, new proposed advertising rules in the country could subject executives of crypto firms to up to two years in prison for failing to meet certain promotion requirements.
UK's Digital Pound Would Modernize Payments But Won't Replace Cash: Minister
The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could "provide a new way to pay" without necessarily replacing cash. On Feb. 7, a joint consultation paper on Central Bank Digital Currencies (CBDCs) is set to drop, with the BoE and Treasury seeking feedback on how, and if they should proceed with building a CBDC. In a Feb. 6 public statement, Finance Minister Jeremy Hunt indicated that the two entities would seek to develop a modernized digital payments system that doesn’t necessarily negate the use of cash. (Cointelegraph)
UK Financial Regulator Warns Crypto Firms of Jail Time for Unauthorized Ads
U.K. crypto companies were urged on Monday to prepare for new restrictions on financial promotions, with the Financial Conduct Authority warning that breaches can lead to a prison term of up to two years.
UK Minister Andrew Griffith Wants to Pass Finance Regulation Bill by Easter
A top priority for Andrew Griffith, a UK MP and economic secretary to the Treasury, is to “deliver the Financial Services and Markets Bill" this year.
