UK Government To Clamp Down On Terrorism Crypto Funds
UK government wants to make planned changes to the Economic Crime and Transparency bill so that authorities can quickly seize crypto assets linked to terrorist activities. The UK Government wants law enforcement to seize crypto assets used to fund terrorism easily. The Home Office Department, which is in charge of immigration and crime, wants to […]
UK To Adopt Blockchain As Storage Option For Trade Documents
On Wednesday, the House of Lords passed the Electronic Trade Documents Bill that would eventually use Blockchain technology as a storage option. The government of the United Kingdom has passed a bill that could lead to it using blockchain technology to store documents. In a press release, the government says that it wants to move […]
Double-Digit Inflation: UK Bitcoin Traders Express Concerns
The Bank of England could raise interest rates more quickly, which could make the dollar weaker and cause Double-Digit Inflation. The cost of living in the U.K. went up by 10.1% in July, according to a government report released on Wednesday. This is the first time since COVID-19 that the UK has hit Double-Digit Inflation […]
New Stablecoin Rules Enter UK Crypto Industry
A proposed bill could give U.K. regulators more control over crypto assets like stablecoin that are used for payments, but it’s not clear yet how the rules will be interpreted. Most crypto supporters in the U.K. are happy about a new bill that could include digital assets like stablecoin in the rules that govern local […]
UK Gambling Commission launches an investigation into Sorare
The Gambling Commission in the United Kingdom has launched an inquiry into fantasy NFT soccer game Sorare, to determine if the platform is required to have a gambling license. “The Gambling Commission is currently carrying out enquiries into the company to establish whether Sorare.com requires an operating license or whether the services it provides do […]