#UK News

UK FCA Releases New Rules For Crypto Businesses

February 4, 2020 by Osato Avan-Nomayo at Regulation

The UK’s Financial Watchdog, the Financial Conduct Authority (FCA) has announced its implementation of a new regime to provide a detailed set of rules for crypto businesses in the country. The new FCA handbook proposes different application fees for businesses according to their business size, income, and profit from asset...

U.K. Classifies Cryptocurrencies as Property Under English Law

November 19, 2019 by Osato Avan-Nomayo at Regulation

The U.K. is now the latest jurisdiction to classify cryptocurrencies and virtual assets as property. The Times reports that a legal panel chaired by Sir Geoffrey Vos, Chancellor of the High Court reached the decision which presents significant implications for the legality of cryptocurrencies and blockchain assets in the U.K....

A man standing hand on chin glasses UK FCA ban crypto dervatives who knows

UK Financial Watchdog Urged to Reconsider Banning Crypto-Derivatives by World Federation of Exchanges

October 8, 2019 by Aisshwarya Tiwari at Bitcoin

In an official statement issued on October 7, 2019, the World Federation of Exchanges (WFE) – a global body for exchanges and cryptocurrency trading platforms – asked the U.K.’s Financial Conduct Authority (FCA) to reconsider putting a blanket ban on the sale of crypto derivative products to retail investors. Extending...

Coinbase pointing to UK Bank Welcome back coinbase

Coinbase Reinstates GBP Bank Deposits and Withdrawals

October 4, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Coinbase crypto exchange has announced that it has reinstated GBP bank deposits and withdrawals for its United Kingdom-based customers. The exchange has also added full support for a host of popular altcoins including basic attention token (BAT), augur (REP), lumens (XLM), XRP and ZRX, according to a blog post on...

Singapore: MAS Partners JP Morgan to Develop Blockchain-Enabled Payments Network

Former Fed Official Refutes BoE Governor’s Suggestion to End Dollar Dominance

September 26, 2019 by Ashwath Balakrishnan at Bitcoin

Ex Federal Reserve senior official, Simon Potter, has rebutted against Mark Carney's recent suggestion to introduce a digital currency to be used as the global reserve currency for international settlement. According to BNN Bloomberg, Potter believes there are numerous benefits countries receive for using the dollar to settle international trade balances,...

UK: Sportsbet.io Places Bitcoin Logo on Watford Football Club’s Jersey

September 13, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Watford F.C, an English professional football club, has extended its partnership with Sportsbet.io, an online sports betting firm, to enable the latter place the Bitcoin logo on the club's shirt sleeves. The formidable alliance will also allow Watford fans to purchase club merchandise using bitcoin (BTC), reports Sportspromedia on September...

The Impact of Brexit on the United Kingdom’s Crypto Sector

September 5, 2019 by Ashwath Balakrishnan at Blockchain

Brexit has served as a prime example of how ordinary citizens can protect their assets from political turmoil using Bitcoin. According to Forbes, the negative effects of a potential no-deal Brexit are leaking into the economy and affecting crypto startups in the region, September 4, 2019. If the U.K. leaves the...

eToro Ties Up With Everton FC as ‘Online Trading Partner’

August 2, 2019 by Ashwath Balakrishnan at Business

Everton Football Club and eToro have announced a partnership, granting eToro further global exposure through the football clubs marketing assets and a solid presence at Goodison Park - Everton's stadium. eToro has emerged as one the largest digital asset exchanges, giving customers the option to invest in cryptocurrencies like Bitcoin,...

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Small Nations Attracting Crypto Startups with Amenable Regulations

July 29, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

While large nations like the United States, the United Kingdom, and others are still sitting on the fence in terms of cryptocurrency regulations, smaller nations such as Malta, Belarus, Bahrain, and others have implemented clear cut guidelines for bitcoin-linked businesses, making these regions a hotbed for startups, reports Reuters on...

Fraudsters Impersonate United Kingdom’s FCA in Bitcoin Email Scam

July 24, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The Financial Conduct Authority (FCA), the top financial watchdog of the United Kingdom, has warned crypto enthusiasts of a scam email that has been impersonating it in a bid to lure unsuspecting investors into investing in a fake bitcoin (BTC) investment scheme, reports FT Adviser on July 22, 2019. Scam...

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