National Crime Agency UK Looks to Hire Blockchain Investigators
The National Crime Agency (NCA) of the United Kingdom is hiring two blockchain investigators for its newly-formed digital assets unit within the Complex Financial Crime unit (CFCT). The position entails supervising complex investigations involving cryptocurrency and digital assets from a Proceeds of Crime Act (POCA) standpoint. The POCA pertains to confiscating and redistributing criminal proceeds […]
Worldcoin Faces UK Data Probe Over Iris Scans
The Information Commissioner’s Office will investigate the privacy implications of Worldcoin, a crypto project that requires users to scan their irises to get a digital ID and free tokens. About Worldcoin Worldcoin is a cryptocurrency project founded by Sam Altman, the CEO of OpenAI, a research organization that aims to create artificial general intelligence (AGI). […]
UK Denies Proposal To Treat Crypto Like Gambling
The United Kingdom government has rejected a proposal by the U.K. Treasury Committee to regulate crypto retail trading in the same manner as gambling, emphasizing its “strong disagreement” with the Committee’s position. In a report issued on May 17 by a House of Commons Committee, British legislators called for the crypto market to be regulated […]
Ripple Supports Cryptocurrency in UK Parliament
A document from Ripple outlining the advantages of XRP and cryptocurrencies for the UK government has been submitted to the British parliament. The document recognizes UK government actions in cryptocurrency, including the Financial Services and Markets Bill and the Crypto-Asset Engagement Group. The document’s importance was mentioned by Edward Farina, director of social adoption at […]
FCA Loses Its Digital Assets Head After Less Than a Year
Binu Paul, the head of digital assets at the UK’s Financial Conduct Authority (FCA), has resigned from his position after less than a year on the job. Paul led the FCA’s regulatory activities on crypto firms and oversaw the registration process for crypto asset businesses. Paul joined the FCA in October last year from New […]