1. Home
  2. UK

UK

New UK Cybersecurity Proposals Aim to End Ransomware Payments in Public Sector

New UK Cybersecurity Proposals Aim to End Ransomware Payments in Public SectorThe UK government has unveiled groundbreaking proposals to combat ransomware attacks, focusing on safeguarding critical infrastructure such as hospitals, public services, and transportation networks. These measures aim to diminish the financial appeal of ransomware by banning all public sector entities, including the NHS and local councils, from making ransom payments. This ban extends current restrictions […]

Coinbase CEO calls on countries to establish Bitcoin reserves

UK Court Rules Hard Drive Containing Over $700M in Bitcoin Belongs to Newport City Council

UK Court Rules Hard Drive Containing Over 0M in Bitcoin Belongs to Newport City CouncilA U.K. court rejected a lawsuit by James Howells seeking to force Newport City Council to allow him to search a landfill for a lost hard drive containing bitcoins. Claim Lacks Realistic Prospects of Success A U.K. court has dismissed a lawsuit filed by James Howells against Newport City Council for its refusal to allow […]

Coinbase CEO calls on countries to establish Bitcoin reserves

UK order clarifies crypto staking is not a collective investment scheme

The UK Treasury has amended finance laws to clarify that crypto staking isn’t a collective investment scheme, which a lawyer says is “heavily regulated.”

The UK Treasury has amended a law clarifying that crypto staking — necessary for proof-of-stake blockchains such as Ethereum and Solana — doesn’t fall under the definition of a “collective investment scheme,” which is typically heavily regulated. 

A Jan. 8 order from the department amends a section of The Financial Services and Markets Act 2000 about group investments, adding that “arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme [CIS].”

It clarifies that “qualifying cryptoasset staking” means validating transactions on a blockchain, a distributed ledger technology network “or other similar technology.”

Read more

Coinbase CEO calls on countries to establish Bitcoin reserves

UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

The UK’s Financial Conduct Authority (FCA) is reportedly failing in its attempt to ban crypto advertisements so far. Half of all crypto advertisements are still up in the UK, and the FCA has yet to penalize any of the companies, the Financial Times reports. Citing data from a freedom of information request, FT says that […]

The post UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report appeared first on The Daily Hodl.

Coinbase CEO calls on countries to establish Bitcoin reserves

The UK’s overlooked regulatory superpowers

The United Kingdom has a regulatory advantage in the cryptocurrency market.

Opinion by: Pavan Kaur, partner at Gunnercooke

Conventional wisdom would make you believe that the United Kingdom outside the European Union economic bloc is a minnow relative to comparable markets such as China and the United States. Indeed, in traditional trade negotiations, the market size decides the scale and quality of terms that can be negotiated. 

In cryptocurrency markets, however, the rules are far from set, and the UK has several overlooked and misunderstood advantages relative to other markets that it would do well to seize on in the current emerging regulatory landscape. 

Read more

Coinbase CEO calls on countries to establish Bitcoin reserves

Google to require FCA registration for crypto ads targeting the UK

Google said that advertisers who want to promote crypto exchanges and software wallets in the United Kingdom must be registered with the FCA.

Google advertisements promoting digital asset exchanges and wallets in the United Kingdom must register with the country’s financial services regulator when a new Google policy update takes effect in January 2025. 

The search engine company said that starting on Jan. 15, 2025, advertisers offering crypto exchange products and services in the UK will be allowed to advertise if they meet certain requirements. 

For crypto exchanges and software wallets, Google said it would allow ads to promote these products if they are registered with the Financial Conduct Authority (FCA). 

Read more

Coinbase CEO calls on countries to establish Bitcoin reserves

Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court

Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court

A man who claims to be the creator of Bitcoin (BTC) has been declared in contempt of court in the UK. Australian computer scientist Craig Wright has been handed a one-year sentence, suspended for two years, for filing a $1.2 trillion lawsuit against the payments firm Block. The judge says Wright violated a previous court […]

The post Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court appeared first on The Daily Hodl.

Coinbase CEO calls on countries to establish Bitcoin reserves

One of England’s Oldest Central Banks Gives Firms Till March 2025 To Disclose Crypto Exposure

One of England’s Oldest Central Banks Gives Firms Till March 2025 To Disclose Crypto Exposure

One of the oldest central banks in England is giving companies until March 2025 to disclose their exposure to digital assets. In a new announcement, The Bank of England says that the Prudential Regulation Authority (PRA) – the UK’s financial regulator – is looking to gather data on firms’ current and future exposure to crypto […]

The post One of England’s Oldest Central Banks Gives Firms Till March 2025 To Disclose Crypto Exposure appeared first on The Daily Hodl.

Coinbase CEO calls on countries to establish Bitcoin reserves

FCA issues warning, bans Pump.fun in the UK

The United Kingdom’s financial watchdog has blocked Pump.fun following a warning that the firm is not authorized in the country.

The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning about the memecoin generator platform Pump.fun, stating that the platform is not authorized to operate in the country. 

The warning, issued on Dec. 3, notes that the platform “may be providing or promoting financial services or products without our permission” in the UK.

The notice adds that customers dealing with Pump.fun won’t have access to consumer protections, such as the Financial Ombudsman Service or the Financial Services Compensation Scheme. The FCA said:

Read more

Coinbase CEO calls on countries to establish Bitcoin reserves

UK Crypto Rules Poised to Shift as Trump’s US Policy Gains Momentum

UK Crypto Rules Poised to Shift as Trump’s US Policy Gains MomentumThe UK government reportedly plans to unveil new cryptocurrency regulations this month, aiming to bolster the UK’s position as a global crypto hub amid increasing competition from the U.S., where recent policy shifts under Donald Trump favor the industry. The UK Treasury’s proposed legislation will cover stablecoins and seek a specific exemption for staking services, […]

Coinbase CEO calls on countries to establish Bitcoin reserves