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Latest from Camomile Shumba
UK Crypto Firms and Regulator Blame Each Other for Industry Exodus
Firms that tried, and failed, to register with the Financial Conduct Authority cite delays and poor feedback. The regulator says it rejected applications for failing to meet requirements.

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.

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.

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.

UK Crypto Firms to Get Broad Laws, May Need New Authorization
The industry has largely welcomed proposals that could cover crypto lending and NFTs, and force foreign companies to register and set up in the country.

UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry Feedback
The Treasury also gave crypto companies a time limited exemption to approve their own crypto promotions until more regulation comes.

UK's FCA Flagged Some Crypto Firms Seeking Regulatory Approval to Law Enforcement
A number of those investigations into financial crime or "direct links to organized crime" are ongoing, an official at the Financial Conduct Authority said.

UK’s FCA Issues Advice for Crypto Firms After Only 41 of 300 Applicants Win Regulatory Approval
The Financial Conduct Authority has faced criticism over its arduous registration regime, with some companies dropping out of the process altogether.

Crypto Exchange Mango Markets Sues Exploiter for $47M in Damages
The platform wants its money back from trader Avraham Eisenberg after losing $114 million in October.

UK Treasury Is Looking for CBDC Head as It Explores Digital Pound
The country's government will introduce a consultation on its CBDC in the coming weeks.
