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“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury. Go to Source Powered by WPeMatico
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017. Go to Source Powered by WPeMatico
The Law Commission’s recommendations highlights the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations. Go to Source Powered by WPeMatico
Following a third reading in the House of Lords, the Economic Crime and Corporate Transparency Bill will return to lawmakers to consider changes before being signed into law. Go to Source Powered by WPeMatico
Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA’s regime. Go to Source Powered by WPeMatico
The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law. Go to Source Powered by WPeMatico
Gemini Staking Pro allows institutions in the U.K. to become Ethereum validators by locking up at least 32 ETH, worth about $60,000 at the time of writing. Go to Source Powered by WPeMatico
Binance has drawn attention for using a small building as its registered office in the UK, but tech firms have used a similar trick for years. Go to Source Powered by WPeMatico
Following a third reading in the House of Lords, the Financial Services and Markets Bill will return to the lower house of the U.K. Parliament for members to consider any changes. Go to Source Powered by WPeMatico
Binance’s deregistration with the FCA did not have an operational impact as it had never done business in the United Kingdom, a regional manager said. Go to Source Powered by WPeMatico
