United Kingdom | ForkLog

ForkLog 14 01.06.2022

UK proposes measures to guard against a stablecoin crash

Her Majesty's Treasury has published for public consultation a document introducing additional safeguards against the collapse of stablecoins.

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ForkLog 11 24.05.2022

UK fines Clearview AI £7.55m ($9.5m)

UK authorities fined the controversial startup Clearview AI £7.55 million ($9.5 million) for unlawfully extracting residents' face images from social media and the open internet.

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ForkLog 7 20.05.2022

FCA urged to take TerraUSD collapse into account in regulatory work

The UK's Financial Conduct Authority (FCA) should “take into account” the recent volatility in the cryptocurrency market as it works on the regulatory framework for the industry, said Sarah Pritchard, the agency's executive director, in an interview with Bloomberg.

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ForkLog 11 16.05.2022

British Treasury rules out legalising algorithmic stablecoins

The British Treasury will include regulation of stablecoins as a payment mechanism in the Financial Services and Markets Bill, The Telegraph reports.

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ForkLog 9 22.04.2022

UK regulator boosts budget by £24m amid crypto-related risks

The Bank of England's Prudential Regulation Authority (PRA) has increased its budget for the coming financial year. The extra resources will be used to address risks related to digital assets.

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ForkLog 13 05.04.2022

UK Treasury to legalise stablecoins and issue NFTs

The British Treasury has announced plans to legalise stablecoins and gradually recognise them as a lawful means of payment.

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ForkLog 12 31.03.2022

UK extends temporary registration regime for a number of crypto firms

From 1 April 2022, the temporary registration regime for crypto firms will cease to apply in the UK. The FCA said it would make exceptions for a 'small number' of firms whose applications were not fully processed.

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ForkLog 15 25.03.2022

BoE outlines approach to regulating cryptocurrencies

The Bank of England (BoE) published the framework principles for shaping the regulatory and legal framework for cryptocurrencies, focusing on the future risks posed to financial stability by a new class of assets.

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ForkLog 13 21.03.2022

FTX to enter UK spot crypto market after regulator’s approval

The crypto exchange FTX has begun talks with UK regulators as part of plans to expand into the European market. In an interview with The Block, Patrik Grun, head of FTX Europe, said.

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ForkLog 8 14.03.2022

Standard Chartered’s crypto custodian to launch products for institutional investors

The Zodia startup, backed by the leading British bank Standard Chartered in partnership with Northern Trust, plans to launch investment products for institutional clients.

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ForkLog 11 11.03.2022

UK regulator to ban bitcoin ATM operators

The UK Financial Conduct Authority (FCA) warned that operators of cryptocurrency ATMs are operating illegally in the country.

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ForkLog 14 03.03.2022

British regulator reports investigations into 50 crypto firms

The UK's Financial Conduct Authority (FCA) continues investigations, including criminal cases, into 50 crypto firms.

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