UK Crypto Rules Set a Modest Post-Brexit Divergence From the Europe Union
The U.K.’s new crypto rules are part of a program of regulatory divergence from the European Union, the supranational bloc of which it was until recently a member – but some crypto advocates are underwhelmed by the extent to which the country is really using post-Brexit freedoms to carve out a unique niche for itself.
UK Bank Nationwide Restricts Card Payments to Binance
U.K. bank, Nationwide Building Society (NBS), is restricting card payments made by users to cryptocurrency exchange Binance.
UK Treasury Presents New Rules for Cryptocurrencies
The new Consultation paper Released proposes a new framework.
UK Treasury Publishes Crypto Framework Paper
His Majesty’s Treasury published a long-anticipated consultation paper for the United Kingdom's upcoming crypto regulation. The extensive 80-page document covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens (NFTs) and initial coin offerings (ICOs).
UK Native Stablecoin Integrates Into 18,000 ATMs Nationwide
A partnership between Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a "crypto hub" and is in line with the government's push to use stablecoins for wholesale settlements.
UK Home to Hundreds of Companies Running Crypto, Forex Scams
The Bureau of Investigative Journalism (TBIJ) has identified 168 companies accused of running running crypto or fraudulent foreign exchange trading scams in the U.K.
UK Sends a Gang of Four to Prison for £21M Crypto Fraud
A UK Court has sentenced four fraudsters to 15 years in jail for their involvement in making a loss of £21 million to an Australian cryptocurrency exchange. All four fraudulently obtained and laundered Bitcoin and other cryptocurrencies worth tens of millions of pounds from the exchange platform.
Liquid Staking Needs Clear Tax Rules – The UK Shows a Possible Way Forward
In this response to the UK tax authority's Call to Evidence, we argue that we need to create clear tax rules for staking and other DeFi activities, rather than extending the current rules for securities lending to DeFi activities.
Five Associations Form Alliance to Regulate UK’s Crypto Future
The UK government aims to turn the country into a crypto hub. The group will support the plan and facilitate cooperation between the UK’s existing financial services and crypto industries.
City of London, British Trade Groups Form New Digital Currency Advocacy Alliance
The City of London has teamed up with a variety of trade associations to form the UK Forum for Digital Currencies, an alliance that will advocate for “better policies, practice and regulation around digital currencies,” according to a statement released by the five members.
