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UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’

UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good system of regulation and if they meet our standards that’s important for every jurisdiction that they […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

What New UK Prime Minister Liz Truss Says About Cryptocurrencies

What New UK Prime Minister Liz Truss Says About CryptocurrenciesLiz Truss, Britain’s new prime minister, previously said: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.” Truss beat former Chancellor of the Exchequer Rishi Sunak, who had a plan to make the U.K. a crypto-friendly nation. Liz Truss Becomes Britain’s New Prime Minister Liz Truss has won the race to become […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

UK Parliamentary Group Seeks Views of Crypto Industry Players

UK Parliamentary Group Seeks Views of Crypto Industry PlayersA parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation

UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic RegulationThe U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. U.K. Wants to […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

UK Regulator FCA Says Crypto Exchange Binance Has Complied With Its June Requirements

UK Regulator FCA Says Crypto Exchange Binance Has Complied With Its June RequirementsThe U.K. financial regulator, the Financial Conduct Authority (FCA), has announced that cryptocurrency exchange Binance has complied with the requirements it imposed on the company in June. The FCA further clarified that while Binance is allowed to provide some investment services, it is not authorized to provide services related to crypto assets in the U.K. […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability Risk

Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability RiskBank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. Crypto Poses No Financial Stability Risk, Says Deputy Governor of […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

64 Cryptocurrency Firms Have Withdrawn Applications to Operate in UK, FCA Says

64 Cryptocurrency Firms Have Withdrawn Applications to Operate in UK, FCA SaysA growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications and will not be able to operate in the U.K. The list of cryptocurrency companies abandoning their attempts to register with the U.K.’s financial regulator is […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency Regulation

Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency RegulationBank of England Governor Andrew Bailey says there will be an element of “tough love” in regulating cryptocurrency. “What we cannot have is a world where innovation gets a free pass to ignore the public interest. The odds of such an approach not ending well are too high,” the governor said. Bank of England’s Bailey […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies