UK
UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime
The bill, introduced in September, now enters its final stages in Parliament.
FTX Bankruptcy Claims Deadline; UK Crypto, Stablecoin Rules Passed Into Law
“CoinDesk Daily” host Jenn Sennasie dives into some of the hottest stories in crypto, including Germany’s financial watchdog reportedly denying Binance a custody license. A UK bill is giving regulators the power to supervise crypto and stablecoins becomes law. And, a closer look at how the founder of Damus is reacting to the conclusion of a two-week battle with Apple over bitcoin tips.
UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law
The Financial Services and Markets Act 2023 classifies crypto as a regulated financial activity.
UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission
The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations.
Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House
The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.
UK Financial Watchdog Cancels Binance Permissions on Firm's Request
U.K.'s Financial Conduct Authority said Binance's local unit is no longer authorized to provide any regulated services in the country.
Bitstamp, Interactive Brokers Join UK Crypto Register as First Additions in 6 Months
Crypto companies wishing to do business in the country must register with the Financial Conduct Authority.
UK Has No Plans for 'Crypto Tsar' Proposed by Some Lawmakers, Minister Says
Economic Secretary to the Treasury Andrew Griffith reiterated the government's position that crypto should not be treated like gambling at a Tuesday debate.
FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say
A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds.
