UK

Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Bybit said it will suspend its U.K. operations entirely and Paypal said it would temporarily stop crypto purchases.

Why Some Crypto Firms Are Suspending Services in the U.K.
Bybit and PayPal have recently withdrawn certain services from the U.K. and Luno has halted some U.K. clients from investing in crypto – just ahead of tough new promotions rules for crypto firms coming into effect.

UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.

Chase U.K. to Block Crypto Payments Citing Fraud, Scams
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets via debit card or outgoing bank transfers.

UK Just Passed an Online Safety Bill That Will Apply to the Metaverse
The bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks.

Cøbra Can't Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again
The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous.

UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding
The Economic Crime and Corporate Transparency Bill set to become law later this year removes some legislative hurdles that slow local cops from freezing crypto linked to crime, CoinDesk was told.

Crypto Exchange Bybit 'Exploring All Options' to Stay in UK: CEO
Companies like Luno and PayPal have halted certain crypto operations in the country in response to regulations set to take effect next month.

Incoming BOE Deputy Governor Highlights Crypto Risks, Cites Benefits at Parliamentary Hearing
There are benefits to crypto technology, and the digital pound could anchor digital money, Sarah Breeden said.

Luno to Halt Some UK Clients From Investing in Crypto as Regulation Looms
The U.K. Financial Conduct Authority crypto promotion rules will be effective by October 8.

