Britain’s financial regulator set out FCA crypto rules that could waive four long-standing conduct principles for crypto asset trading platforms while tightening resilience standards, aiming to keep firms competitive without diluting baseline protections; the move follows an April signal that…
Will UK Crypto Strategy Compete with Trump’s US Market?
The government is developing new regulations for the cryptocurrency industry, focusing on areas like stablecoins and staking services. These efforts aim to clarify rules for crypto companies and create a more predictable environment for digital assets. As competitive pressures from…
Governments With Bitcoin: How US and China Crypto Stashes Could Rock the Market – Are We Heading for Chaos?
The sale of Bitcoin by the German government recently caused a huge concern in the crypto market. Yet, the situation is even more alarming when considering number of Governments with Bitcoin and massive amounts of other cryptocurrency. So, if these…
Kraken Expands Custody Services to UK and Australia
Kraken, a prominent cryptocurrency exchange, has made significant strides in expanding its custody services to cater to institutional clients in the UK and Australia. This strategic move builds on the successful launch of Kraken Custody in the U.S. earlier this…
Cash App Ends UK Operations to Focus on US Market
Block Inc.’s consumer-payments platform, Cash App, is set to close its UK operations on September 15, 2024. This move comes six years after its initial launch in the region, marking a significant shift in the company’s strategic focus. As a…
Stand with Crypto Expands to UK Engaging 700,000+ Members
The Stand with Crypto initiative unites a passionate global community of crypto advocates, dedicated to driving sensible crypto innovation and policy. Originating in the United States, the movement has garnered over 700,000 sign-ups, a testament to its growing influence. With…
UK Report Reveals Money Laundering Risks in Crypto and Banking for 2022-2023 – Is this accurate or hate towards crypto ?
A recent report by the government’s financial arm has highlighted the significant risk of money laundering associated with crypto firms, retail banking, wholesale banking, and wealth management between 2022 and 2023. The report, based on risk assessments conducted by the…
US-UK Review of $20 Billion in Crypto Transactions Tied to Russian Exchange
The US and UK governments are currently conducting a comprehensive review of cryptocurrency transactions worth over $20 billion associated with Garantex, a Russia-based virtual exchange. This joint effort aims to address the issue of sanctions evasion, which has been supporting…
UK Sets Out Proposals to Bring Stablecoins into Real Economy
While the United States patiently awaits the progress of its stablecoin bill, the United Kingdom has taken a proactive stance by formulating a comprehensive proposal to regulate stablecoins. The UK has integrated stablecoins into the mainstream economy as an alternative…