UK

The Economic Crime and Corporate Transparency Bill in the United Kingdom (UK), which aims to expand authorities' ability to combat illicit cryptocurrency usage and tackle crypto-related financial crimes, is nearing the final stages of approval by the House of Lords. This bill, introduced in Septembe ...

The United Kingdom's competition watchdog has expressed concerns about the potential for a small number of firms to dominate the artificial intelligence (AI) industry, which could lead to consumers being exposed to harmful information. In a report released on September 18, the Competition and Market ...

Central Bank has already made its decision and announced it to the Finance Ministry The reason was inconsistencies with the 2021 audit But the rejection will not prevent Revolut from continuing its current services The Telegraph reports that Britain p ...

Chief strategy officer of the largest cryptocurrency exchange Binance said that the oppression of cryptocurrencies in the U.S. has become "very difficult to do business" UK also causes concern. U.S. actions "have been very confusing over the last six months," Patrick Hill ...

U.K. citizen pleaded guilty to large-scale hacking of celebrity accounts in social networks for bitcoin fraud. Joseph James O'Connor is recognized as one of the hackers who hacked the Twitter accounts of several celebrities in 2020 including American star Kim Kardashian, ...

UK Finance Ministry shuts down gathering of views on cryptocurrency regulations Some major counterparties including a16z, Binance and Circle responded Government warns against repeating US mistakes and calls for "broader thinking" Late last month, Apr ...

An amendment proposed to the Financial Services and Markets Bill would allow cryptocompanies that are already registered with the FCA to independently approve their own advertising. Passage of the amendment would allow UK supervisors, the Financial Conduct Authority (FCA) a ...

They were accused that the split into 2 "subsidiaries" was a fraud The merger will speed up the return of investors' funds Bankrupt crypto company Celsius agrees to merge its units in the UK and US. It would be their answer to court allegations that the firms sha ...

Gemini, the popular cryptocurrency exchange, has announced that it will be expanding its operations in the Asia-Pacific region by opening a new office in India. The exchange's co-founders, Cameron and Tyler Winklevoss, have appointed Gemini's CTO, Pravjit Tiwana, as the chief executive of the Ind ...

The stablecoin regulation bill has come under fire from Democratic lawmakers in the United States, who are concerned that the lack of a clear regulatory framework may lead to stablecoin issuers seeking out other jurisdictions. The bill, which was created in 2022 by Republican Patrick McHenry of N ...

Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...

London's major banks are refusing to open corporate accounts for cryptocurrency fintech firm SavingsBlocks, according to Bloomberg sources. This is not an isolated incident, as other crypto companies have faced similar issues when seeking banking services in the UK. SavingsBlocks, which has ap ...

The Royal Court in Swansea, a city in Britain, has accused a local citizen of concealing the profits from cocaine trade in two crypto wallets. The Crown Court found Fraser Cuberhives, who is 36 years old, guilty after an investigation that lasted almost a year. The prosecution claimed that Cub ...

Binance, a leading cryptocurrency exchange, has shared that its service partner, Skrill Limited, will soon discontinue providing services in pounds sterling to the platform. Binance has already ceased accepting new users who wish to open an exchange account with deposits in pounds sterling. Ac ...

Phoenix Community Capital, a renowned cryptocurrency investment venture associated with prominent personalities in politics and media in the UK, has recently ceased returning investments to its clients. The project's market capitalization was valued at approximately $800 million when it was intro ...