Regulation
Crypto firms face critical deadline in the UK
UK’s FCA handling of the crypto firm’s registration with it has left a lot to be desired in the industry.
Oluwapelumi Adejumo 4 min read
UK News
FCA policy, institutional products, startups, and the UK’s digital asset regulatory roadmap.
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Top UK Stories
Regulation
Report: Bank of England is working on crypto regulation framework
The United Kingdom's central bank wants to create “effective public policy frameworks to maintain broader trust and integrity in the financial system.”
People
Popular crypto podcaster Peter McCormack quits Twitter
Peter McCormack, founder of the popular What Bitcoin Did podcast is quitting Twitter saying the social media platform is a “miserable failure”. The departure comes after one follower said “everyone’s glad” McCormack’s mother is dead.
Latest UK Crypto News & Analysis
Regulation
UK gets serious with regulatory focus as it recruits head of new crypto department
The FCA is hiring a new Head of Department to form a digital assets team focused entirely of crypto assets. The role, however, does not require any knowledge of crypto from applicants.
Regulation
The FCA has been warning about Bitcoin for years, but is the real risk not investing?
FCA’s crypto warning over the years appear to be preventing investors from reaping significant rewards that might be attached to Bitcoin investments.
Regulation
All Bitcoin ATMs in UK to shut down as FCA deems them “illegal”
The UK's Financial Conduct Authority (FCA) warned crypto exchange services to shut down their crypto ATMs or face legal action.
Adoption
93% of U.K. policymakers have nothing to say about digital assets
A new study on U.K. members of the parliament show that only one out of 14 have used crypto-related terms on social media.
Regulation
FCA express concerns about Binance new partnership in the UK
The financial watchdog further added that it had the power to cancel or suspend any crypto-asset registration if it considered it too risky.
Scams
UK’s FCA investigated 300 crypto firms in 2021
United Kingdom’s FCA received over 16,000 inquiries about possible scams between April to September last year. The watchdog received more than 16,400 inquiries about possible scams between April to September last year. Crypto scams were the majority of these. This led it to investigate potential crypto scam businesses, opening 300 cases.
More UK Crypto News Headlines
Crime
UK police recover $5.4 million lost in crypto scam
Metaverse
Manchester City new football stadium to be built in the metaverse
NFTs
U.K. tax officials seem to believe they seized their first-ever NFTs
Culture
