United Kingdom | ForkLog

ForkLog 6 13.01.2022

UK Parliament questions the case for launching a digital pound

CBDC may offer certain advantages while also posing serious challenges to financial stability and privacy. This is the conclusion of the House of Lords Economic Affairs Committee report.

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ForkLog 5 28.12.2021

Former UK chancellor of the Exchequer urges caution over bitcoin investments

Former British Chancellor of the Exchequer Philip Hammond urged retail investors to invest in cryptocurrencies 'with extreme caution', according to This is Money (the Daily Mail's Money app).

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ForkLog 12 20.12.2021

Bank of England calls for international cooperation in cryptocurrency regulation

The Bank of England should intensify talks with international colleagues on regulating the cryptocurrency market. This was stated by the Bank's Finance and Risk Director, Sarah Breeden.

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ForkLog 12 15.12.2021

UK regulator finds violations in Coinbase and eToro ads

The UK Advertising Standards Authority (ASA) banned seven cryptocurrency-related ad campaigns, finding that they did not adequately reflect the risks of investing. The BBC reports.

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ForkLog 7 13.12.2021

UK intelligence raises concerns about the digital yuan

The head of the Government Communications Centre (GCHQ), one of Britain's intelligence agencies, Jeremy Fleming warned of potential negative consequences of the global spread of China's CBDC for other countries, according to the Financial Times.

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ForkLog 6 09.12.2021

British MPs say Bitcoin is not an investment

British MPs told FCA chief Nikhil Rathi that buying Bitcoin and other cryptocurrencies is not an investment, and such formulations should not be used in relation to them, The Times reports.

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ForkLog 10 08.12.2021

Fidelity Digital Assets Secures UK Regulator’s Approval

Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, has received in the United Kingdom an FCA licence to operate with digital assets.

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ForkLog 6 07.12.2021

UK could exclude crypto investors from the depositor compensation scheme

Crypto investors may be excluded from the Financial Services Compensation Scheme (FSCS) in the United Kingdom. The corresponding proposal is contained in an FCA document published for public consultation.

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ForkLog 12 07.12.2021

Eurostar to test facial-recognition system on European travellers

The Eurostar rail passenger operator has begun testing a facial-recognition system for travellers from London's St Pancras International station to continental Europe.

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ForkLog 18 06.12.2021

Changpeng Zhao outlines Binance plans to obtain registration in the United Kingdom

Binance plans to file with the FCA for registration to become a fully “regulated firm” within 6–18 months. This was stated by CEO Changpeng Zhao in an interview with The Telegraph.

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ForkLog 6 29.11.2021

UK to apply 2% digital services tax to bitcoin exchanges

The United Kingdom's HM Revenue & Customs (HMRC) has required licensed cryptocurrency exchanges to pay the digital services tax at 2%. Platform users may face higher fees, CryptoUK, the self-regulatory body, warned The Telegraph reports.

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ForkLog 4 26.11.2021

Britain proposes integrating smart contracts into the legal framework

The existing regulatory framework of England and Wales will not require significant changes to enable the enforcement of smart contracts. That conclusion was reached by the Independent Legal Commission established by the British Parliament.

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