UK
UK Finance Ministry to Discuss Crypto Banking Woes With Lawmakers
Finance Minister Jeremy Hunt said U.K., and London in particular, has become "the global crypto hub."
Revolut to Suspend UK Crypto Services, Citing FCA's New Ad Rules
Many crypto firms have had to withdraw their services to adjust to the Financial Conduct Authority's promotions rules which came into effect in October.
Lawmaker Calls for the UK Government to Do More for Blockchain
Member of Parliament Natalie Elphicke also announced that the parliamentary group she chairs will be hosting industry round tables and a call for evidence.
FCA Slow to Take Crypto Enforcement Action, UK's Public Spending Watchdog Says
Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.'s National Audit Office said.
Craig Wright's Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules
The hearing, scheduled to take 15 days, will also seek to determine whether the alleged hack occurred.
Crypto.com Receives UK Authorization as an Electronic Money Institution
The exchange said it plans to use the license to offer e-money products in the U.K.
UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say
The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
UK to Hit Crypto Users With Penalties for Unpaid Taxes
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.
UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders
The Financial Conduct Authority (FCA) is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.
Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT
Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.
