UK


Policy

British National Accused in OneCoin Scam Set to Face US Extradition: Report

Co-accused Robert McDonald avoided extradition on human rights grounds.

(Peter Dazeley/Getty Images)

Policy

Law Society of England and Wales Tells Members to Be Wary of Bitcoin Use in Transactions

"This is a cash transaction so there is a high risk of money laundering," the professional body told its members.

(Dan Kitwood/Getty Images)

Markets

Why Bitcoin Traders Should Care About Double-Digit Inflation in UK

The Bank of England may raise interest rates more aggressively, which could result in a weaker dollar and higher prices in the U.S.

The Bank of England (Robert Bye/Unsplash)

Finance

UK Group to Test Stablecoin Payments, Provide Data to Bank of England

The Digital FMI Consortium, a group of private-sector companies, will start a pilot scheme in October and run it for a minimum of a year.

El Banco de Inglaterra sube las tasas en 50 puntos base. (PeterRoe/Pixabay)

Policy

UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending.

The U.K. wants to bring stablecoins into the scope of local payments regulation, but it's still not clear what that might look like. (Ashley Cooper/Getty Images)

Policy

Crypto.com Exchange Registers With UK Financial Regulator

The registration permits Crypto.com to pursue "certain crypto asset activities."

The Financial Conduct Authority regulates the U.K. crypto market. (Shutterstock)

Finance

Abrdn Buys Stake in Digital Exchange Archax

With the investment, the U.K. asset manager has become Archax's largest outside shareholder.

Asset manager WisdomTree (WETF) managed crypto assets worth $265 million in Q2, a decrease of nearly 12% compared to the equivalent figure of $300 million a year ago (Tumisu/Pixabay)

Policy

UK Parliamentary Group Starts Crypto Inquiry to Form Policy Recommendations

The group is asking industry experts, regulators and the government to weigh in on a range of topics including consumer protection and CBDCs.

London (Paul Panayiotou/Getty Images)

Policy

UK Crypto Investors Should Limit Holdings, Financial Regulator Says

The crypto crash only hardened the Financial Conduct Authority’s determination to impose restrictions such as banning refer-a-friend bonuses.

The U.K. Treasury, which needs to propose laws that would extend financial marketing restrictions to crypto. (Jack Taylor/Getty Images)