UK
Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says
Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA's Matthew Long.
UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services
While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling.
UK Lawmakers Call for a Dedicated Government Role to Oversee Crypto Regulation
The Crypto and Digital Assets All Parliamentary Group released its long-awaited inquiry into crypto on Monday.
UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say
Should the country decide to issue a CBDC, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at Keystone Law.
UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support.
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
The U.K. Treasury Committee seemingly opposed the government’s proposal to treat crypto as regulated financial activities in a Wednesday report.
Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules
The U.K. opened its plans for regulating the crypto sector for public comment back in February.
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
The regulator, along with local police, raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.
Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide
The law on promotions is set to come into effect around four months from now if there are no objections, the finance ministry has said.
UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
