UK
Bitcoin Drops to $29.2K After Sudden Sell-Off
Bitcoin slid more than 3% in just 15 minutes in European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization near $29,000. Forex.com Global Head of Research Matt Weller discusses whether the UK CPI data played a role in the sudden sell-off. Plus, his BTC outlook after the token's strong performance in Q1 2023.
UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy
The department will explore economic growth, investment and business opportunities in these areas, as well as implications on regulation.
Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says
The central bank governor also said regulators can't rule out central bank digital currencies as the U.K. explores a digital pound.
Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned
Judges at the High Court in London said they didn’t have the resources to explore the issue fully.
UK NFT Project Dropped Over Lack of Demand: Finance Minister
The U.K. government has decided to drop the highly anticipated non-fungible token (NFT) project initially announced last April, citing a lack of demand for an NFT issued by the Royal Mint, Finance Minister Jeremy Hunt said in a Treasury Committee meeting on Wednesday. "The Hash" panel discusses what this suggests about the state of the NFT markets.
UK NFT Dropped Over Lack of Demand, Finance Minister Hunt Says
The Royal Mint was asked to create a digital token last year, when NFTs were much more popular.
What the Bank of England’s Stablecoins Regime Could Look Like
The Bank of England's upcoming crypto regime would try to ensure that funds are returned to customers when certain crypto firms enter a crisis.
UK Crypto Promotions Laws Hoped to Be in Place by Late 2023
The Financial Services and Markets Act amendment, which would enable the new rules, will soon be discussed in Parliament.
UK Treasury Cancels Plans for Government-Backed NFT
Initially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review.
The UK Has Created Crypto Banking Problems
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.
