UK passes bill to enable authorities to seize Bitcoin used for crime
Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023. Go to Source
United Kingdom
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UK’s FinProm a welcome change, but challenge persists: Transak compliance head
Transak’s compliance chief James Young told Cointelegraph that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space. Go to Source
Largest DeFi protocol on Solana reportedly quits UK market citing FCA rule
Marinade Finance holds a total value of $241 million, which accounts for 70% of all the funds locked on the Solana blockchain. Go to Source
US surveillance and facial recognition firm Clearview AI wins GDPR appeal in UK court
According to court documents, the UK commissioner doesn’t have the authority or jurisdiction to cite or fine the “foreign” company for GDPR infractions. Go to Source
UK tops crypto activity in Central, Northern and Western Europe: Chainalysis
Crypto adoption in the United Kingdom has been growing as the country adopts more regulations targeting crypto and stablecoins, the study shows. Go to Source
UK to target potential AI threats at planned November summit
The summit scheduled for Nov. 1-2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators. Go to Source
UK financial watchdog restricts Binance partner from issuing crypto ads
The Financial Conduct Authority’s marketing requirements for crypto firms went into effect on Oct. 8, requiring some to partner with local companies for compliance. Go to Source
Binance, OKX to comply with new financial promotions rules in UK
Crypto firms such as Binance, OKX and MoonPay have announced they’ve been working to comply with the United Kingdom’s new financial promotion rules. Go to Source
Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator
The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August. Go to Source
Snapchat warned by UK data watchdog over AI chatbot risks
Snapchat received a warning from the U.K. data watchdog regarding its AI chatbot “My AI” for potentially failing to identify and address its privacy risks. Go to Source
