UK

The UK Treasury Select Committee’s chair said there hasn’t been enough evidence that people should put their money into “speculative tokens.”

The UK Treasury said Wednesday it is updating tax return forms to ensure individuals declare profits or earnings generated from crypto as a separate category, rather than combining it with other income sources. According to the government’s latest budget announcement, changes […]

It’s part of the ongoing arms race between financial progressives and the incumbent banking system, one expert told Blockworks Tuesday

Paysafe’s fiat-to-crypto provider Skrill has informed Binance that it will no longer be able to provide deposits and withdrawal services from May 22

Some 8,000 investors claim to have lost $100,000 each investing in Phoenix Community Capital

New paper considers the case for a digital pound with the help of crypto technology, but concludes it’s too early — at least for now

The proposal emphasizes a need for increased communication between regulators and crypto firms in order for the UK to establish itself as a “competitive location for sustainable finance”

Lake Parime, which hosted bitcoin miner Marathon Digital at a nuclear energy-powered site in Ohio, has been sold to Statar Mining after a “cash crisis”

The vast majority – 85% – of crypto firms who attempt to register with a UK financial regulator are denied, the agency said

A wide-ranging bill, which new PM Rishi Sunak helped formulate, will oversee the regulation of cryptoassets and their promotion

Rishi Sunak has previously spearheaded plans to make the UK a global hub for crypto

The proposed amendments come after the UK sought to regulate stablecoins as a form of payment in July

The British Parliament wants to widen the reach of authorities when it comes to cryptoasset seizures tied to criminal activity

The UK’s bill, introduced to parliament on Wednesday, follows the EU’s approach to regulating stablecoins while repealing union-era law

E-commerce giant eBay has picked up Manchester-based NFT marketplace KnownOrigin for an undisclosed sum in a deal finalized Tuesday

A consultation paper suggests the Bank of England should oversee payment systems that “threaten the stability of the UK financial system”

The financial regulator said it’s planning to hire about 100 more employees

Chancellor Rishi Sunak has asked government-owned coin issuer the Royal Mint to create the digital asset

The finance ministry’s approach builds on existing frameworks with a focus on backing reserves

More than 50 cryptocurrency companies have been put on notice for “misleading” and “irresponsible” advertisements

In a speech to the Bank of International Settlements, Mark Carney, the former governor of the Bank of England and the Bank of Canada argued that the further integration of stablecoins into the global economy would give big tech too much power in the economy and would be difficult to unwind.

Regulatory ban targets UK subsidiary from advertising and serving users, not the Binance parent

A third of the advisors however believe such currencies will become legitimate investment vehicle.

No jurisdiction is an island — cross-border cooperation on crypto and digital assets is happening, but it’s not perfect, according to panelists at the Consensus virtual event.