UK Blockchain Leadership: Natalie Elphicke’s Call for Action
Natalie Elphicke, the chair of the blockchain APPG, has called for the UK authorities to fully embrace the potential of blockchain technologies and take a leading role in the global blockchain scene. She stressed the need for collaboration and action in terms of blockchain policy and education. Natalie Elphicke, a UK Member of Parliament and […]
Tether’s $1 Billion Deposit at Stake in London Court Case
Tether, the issuer of the world’s largest stablecoin, has deposited over $1 billion with a subsidiary of Britannia Financial, a global investment bank. The funds are now involved in a legal dispute between Britannia and another firm, Arbitral International, in London’s High Court. Tether’s USDT token is widely used in the crypto market as a […]
NiceHash Becomes Latest Crypto Firm to Leave U.K.
In a message sent to subscribers, the cloud mining company NiceHash announced that it will stop offering its services in the United Kingdom. On October 10, 2023, the company announced that it would stop offering services to subscribers in the United Kingdom. After that date, people living in the U.K. won’t be able to establish […]
UK to Boost Crypto Seizure Powers with New Crime Bill
The U.K. government plans to enact a new bill that will give local courts and law enforcement agencies more power to freeze and confiscate crypto assets linked to crime. The Economic Crime and Corporate Transparency Bill, expected to be finalized later this year, will remove some legal hurdles and speed up the process of targeting […]
UK Crypto Firms Face New Travel Rule Requirements from FCA
The UK’s financial regulator has imposed new rules on crypto businesses to collect and verify information on digital asset transfers as part of its anti-money laundering and counter-terrorist financing efforts. The UK’s Financial Conduct Authority (FCA) has announced that the Travel Rule, a global standard for transparency in digital asset transfers, came into force on […]