UK to Regulate Cryptocurrencies Like Traditional Finance by 2027
Key Insights The UK will regulate cryptocurrencies under existing financial laws by October 2027, placing crypto firms under the oversight…
Bank of England Unveils Plans for Regulating Sterling Stablecoins, Seeks Public Input
Key Insights The Bank of England has launched a consultation on regulating sterling-denominated “systemic” stablecoins and potentially introducing a digital…
UK Man Convicted Over £1 Million Ponzi Scheme Targeting Facebook Investors
Key Insights Daniel Pugh was convicted of running a £1 million Ponzi scheme through Imperial Investment Fund, targeting 238 investors…
UK’s FCA Unveils Proposals for Stablecoin Issuance and Crypto Custody Rules
Key Insights The UK’s FCA has proposed new rules to regulate stablecoin issuance, crypto custody services, and financial resilience of…
Kraken Secures UK EMI License Amid Regulatory and Market Expansion Efforts
Key Insights Kraken has obtained an EMI license from the UK’s FCA, enabling faster transactions and expanding its services in…
Robinhood Expands in UK with Launch of Options Trading and Flexible Fees
Key Insights Robinhood has launched options trading in the UK, allowing customers to trade on stocks and indices with European-style…
Kraken, Coinbase Secure Key Approvals for EU and UK Expansion
Key Insights Kraken obtained a MiFID license in the EU via a Cypriot investment firm acquisition, while Coinbase received a…
12% of UK Adults Now Own Cryptocurrency, FCA Study Reveals
Key Insights The UK FCA reports cryptocurrency ownership has increased to 12% of adults, with average holdings rising to £1,842.…
UK Plans Unified Crypto Regulation Framework for 2025
Key Insights The UK government plans to implement a unified cryptocurrency regulatory framework in early 2025, combining oversight of stablecoins…
UK Proposes Landmark Bill to Legally Define Crypto Assets As Property
Key Insights UK government introduces bill to legally define crypto assets as property Proposed legislation would create a third category…