UK to deliver comprehensive crypto regulation framework by early 2025
The Labour government is reportedly readying crypto, stablecoin and crypto asset regulations as Europe pulls ahead and the US changes its crypto policies. Go to Source
uk crypto regulation
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UK’s finance watchdog defends ‘too tough’ on crypto stance
The FCA has defended its rigorous crypto regulations, countering claims that its high standards stifle innovation and hinder the UK’s global financial leadership. Go to Source
UK’s FCA provides more guidance on crypto promotion compliance
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October. Go to Source
UK crypto industry publishes Travel Rule navigation guide
The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company. Go to Source
UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’
The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good system of regulation and if they meet our standards that’s important for every jurisdiction that they … Read more
What New UK Prime Minister Liz Truss Says About Cryptocurrencies
Liz Truss, Britain’s new prime minister, previously said: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.” Truss beat former Chancellor of the Exchequer Rishi Sunak, who had a plan to make the U.K. a crypto-friendly nation. Liz Truss Becomes Britain’s New Prime Minister Liz Truss has won the race to become … Read more
UK Parliamentary Group Seeks Views of Crypto Industry Players
A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from … Read more
UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. U.K. Wants to … Read more
UK Regulator FCA Says Crypto Exchange Binance Has Complied With Its June Requirements
The U.K. financial regulator, the Financial Conduct Authority (FCA), has announced that cryptocurrency exchange Binance has complied with the requirements it imposed on the company in June. The FCA further clarified that while Binance is allowed to provide some investment services, it is not authorized to provide services related to crypto assets in the U.K. … Read more
Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability Risk
Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. Crypto Poses No Financial Stability Risk, Says Deputy Governor of … Read more
