UK

UK

Policy

Don't Call It 'Britcoin': Digital Pound Nothing Like Crypto, Bank of England Official Says

The central bank has made no decision on whether a digital pound would use distributed ledger technology, Deputy Governor Jon Cunliffe said.

Bank of England Deputy Governor Jon Cunliffe (Camomile Shumba/CoinDesk)

Policy

Digital Pound Holdings Could Be Limited to 10K, Central Bank Says

The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed.

The Bank of England (BOE) building (Jason Alden/Bloomberg/Getty Images)

Policy

UK Banks Blocking Crypto Access Given Fraud, Volatility, Lawmakers Told

Finance CEOs welcomed new crypto regulations but were wary about the risks of a central bank digital currency

U.K. bank bosses were questioned by lawmakers about crypto. (Screenshot from U.K. Parliament)

Policy

UK to Start Further Development Work on ‘Likely Needed’ Digital Pound

The Bank of England and the Treasury are inviting the public to weigh in on plans for a digital euro that can be used for payments and purchases.

The Bank of England is moving ahead with research into a possible digital pound. ( Kai Pilger/Unsplash)

Finance

Digital Bank Revolut to Offer Crypto Staking

Revolut will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH), with yields ranging to as high as 11.65%

Revolut is adding a crypto spending feature to its app. (A. Aleksandravicius/Shutterstock)

Policy

UK Financial Regulator Warns Crypto Firms of Jail Time for Unauthorized Ads

The rules aren’t set in stone but will mirror those for other high-risk investments, the Financial Conduct Authority said.

(Craig Hastings / Getty Images)

Finance

Craig Wright's UK Case Against 16 Bitcoin Developers to Go to Full Trial

The trial is expected in early 2024 following a successful appeal.

Craig Wright in London in 2019 (Oliver Knight/CoinDesk)

Policy

UK Crypto Rules Set a Modest Post-Brexit Divergence From the European Union

The industry is keenly watching divergences from Brussels in areas like stablecoins, lending and bitcoin disclosures.

The U.K. and EU are racing to regulate crypto. (narvikk/Getty Images)

Finance

UK Bank Nationwide Has Restricted Card Payments to Binance

Nationwide said it has taken this decision due to "media coverage" and "regulatory uncertainty."

Las especulaciones recientes sobre el estado de Binance, el exchange de criptomonedas más importante del mundo, también golpearon la participación de mercado de su stablecoin. (Danny Nelson/CoinDesk)

Policy

UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad Approvals

But the country’s financial watchdog says it will “take a consistent approach to that taken for other high-risk investments,” when the time comes to set up enforcement rules.

(Yoshiyoshi Hirokawa/Getty Images)