Crypto Billionaire Flees London Over Offshore Tax Concerns

October 1, 2024 Bitcoin.com

billionaire

Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled tax arrangements. Crypto Investor Angermayer Leaves London Over Tax Concerns Billionaire crypto investor Christian Angermayer has […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

FCA Secures First Conviction for Illegal Crypto ATM Operation in UK

October 1, 2024 Bitcoin.com

ATM

Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK

September 16, 2024 Coin Telegraph

Banking

UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.

The lengthy, difficult registration process for crypto firms in the United Kingdom is acting as a deterrent to business, according to one local industry group.

CryptoUK, a self-regulatory trade association for the UK crypto industry, said some of its members “have expressed reluctance about the process” under the scrutiny of the Financial Conduct Authority (FCA).

A CryptoUK spokesperson told Cointelegraph that its members have “heard stories from organizations that have gone through it, and it’s quite a deterrent. The application is a huge ask in terms of resources, people and finances.”

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Meta to resume AI training in UK after regulatory pause

September 14, 2024 Coin Telegraph

The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.

Meta will begin using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will use publicly available information, such as adult users’ posts, comments, photos, and captions on both platforms.

“We’re building AI at Meta to reflect the diverse communities around the world and we look forward to launching it in more countries and languages later this year,” Meta said.

Meta said it does not use information from accounts of people in the UK under the age of 18. Source: Meta

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

September 11, 2024 Bitcoin.com

AML

The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

September 9, 2024 Bitcoin.com

bitcoin.com

The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

UBS: European Real Estate Markets Enter New Cycle

September 8, 2024 Bitcoin.com

bitcoin.com

UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Nexo Reopens UK Registrations With Enhanced User Protections

September 5, 2024 Bitcoin.com

bitcoin.com

Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines. The platform has introduced mandatory risk warnings, cool-off periods, and improved compliance measures to […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Home invaders used machete, Toblerone to rob a man of his Bitcoin

September 3, 2024 Coin Telegraph

attack

Scottish authorities tracked, traced, and seized Bitcoin stolen during a 2020 home invasion, marking the first robbery in Scotland to involve cryptocurrency tracing.

Scottish prosecutors have seized and converted 23.5 Bitcoin into cash from a 2020 robbery that saw three men armed with a machete and a Toblerone chocolate bar break into a home near Glasgow.

The case — initially heard last year — “was the first robbery in Scotland to involve tracing stolen cryptocurrency,” said Detective Inspector Craig Potter from Police Scotland’s Cyber Investigations unit.

In a first for the country, prosecutors used proceeds of crime legislation to seize and convert the Bitcoin (BTC) stolen in the March 2020 robbery into cash, BBC News reported on Sept. 2.

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

August 5, 2024 Bitcoin.com

Banking

Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market,” said the CEO of […]

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