Bitget relaunches UK platform after compliance update with FCA rules
Bitget’s app relaunch in the UK comes a few months after the exchange restricted its website in the UK in accordance with the Financial Promotions regime in May 2024. Go to Source
United Kingdom
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UK-based pension scheme makes 3% Bitcoin allocation
Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund. Go to Source
UK crypto rules unclear for firms avoiding Europe’s MiCA regulation
While some industry execs believe that MiCA could trigger a shift from the EU to the UK, others question the UK’s unclear crypto regulations. Go to Source
UK crypto ATM operator pleads guilty to fraud, money laundering charges
Olumide Osunkoy faces prosecution on multiple charges related to the operation of crypto ATMs across the UK. He could spend up to 26 years in jail if convicted of all charges. Go to Source
Telegram Wallet temporarily blocked for UK users due to restructuring
Telegram users in the United States are also restricted from using the platform’s in-app wallet due to financial regulations. Go to Source
FBI Warns of Growing $55 Billion Business Email Scam
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong Kong, China, Mexico, and the United Arab … Read more
UK gov’t introduces bill to clarify crypto’s legal status
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.” Go to Source
UK risks quantum startup exodus after Labour slashes incentives
A study from August 2023 suggested there were more than 50 UK-based quantum technology startups. Go to Source
Amazon faces UK merger probe over $4B Anthropic AI investment
Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition. Go to Source
UK-based tech startup could become Nvidia of quantum
Riverlane’s error-correction chips could do for quantum computing what Nvidia’s GPUs did for artificial intelligence. Go to Source
