United Kingdom | ForkLog

ForkLog 8 19.01.2021

Britain to deploy blockchain to track the COVID-19 vaccine

The National Health Service (NHS) in the United Kingdom will deploy a blockchain-based Hedera Hashgraph solution to monitor the storage of the COVID-19 vaccine, according to Cointelegraph.

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ForkLog 6 17.01.2021

UK urged to legislate a ban on bitcoin transactions

A petition demanding that the Government and Parliament of the United Kingdom pass a law banning residents from transacting in Bitcoin and other cryptocurrencies was registered by independent financial adviser and co-founder of West Riding Personal Financial Solutions Neil Liversidge.

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ForkLog 8 11.01.2021

UK regulator warns of the risks of investing in crypto assets

The UK's Financial Conduct Authority (FCA) warns that investing in crypto assets carries high risks. In the statement, investors 'should be prepared to lose all their money'.

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ForkLog 10 09.01.2021

UK proposes regulation of stablecoins

The UK Treasury has begun consultations on regulating cryptocurrencies and stablecoins. The department proposes regulating the industry in line with traditional financial services.

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ForkLog 5 30.12.2020

FxOpen to drop cryptocurrency CFDs from product lineup for UK traders

FxOpen, a forex broker, announced the termination of trading contracts for difference (CFDs) on digital currencies for its UK clients. The move was explained by the UK Financial Conduct Authority (FCA) ban on selling cryptocurrency-based derivatives to retail traders, writes Finance Magnates.

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ForkLog 10 16.12.2020

UK introduces temporary registration regime for crypto firms

Cryptoasset businesses awaiting regulatory approval may operate under a 'Temporary Registration Regime'. It will run until 9 July 2021, the UK Financial Conduct Authority (FCA) said.

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ForkLog 6 19.11.2020

Bank of England urged to weigh the benefits of digital currencies

The Bank of England's chief economist, Andy Haldane, suggested that digital currencies could bolster financial stability. He said this at a conference hosted by TheCityUK.

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ForkLog 5 13.11.2020

Bank of England: We will not protect banks against digital currencies.

Deputy Governor of the Bank of England, Jon Cunliffe, said that his department is not obliged to protect commercial banks from the potentially negative consequences of the spread of digital currencies, Reuters reports.

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ForkLog 13 10.11.2020

Britain weighs regulation of stablecoins and CBDC issuance

The UK Treasury will develop proposals to regulate stablecoins and conduct research into central bank digital currencies (CBDCs).

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ForkLog 10 30.10.2020

Investors allege Lyfcoin fraud worth £2.5m

A group of 14 British investors reported losses from staking Lyfcoin's token. They contacted the police, but authorities did not see any signs of a crime, according to Metro.

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ForkLog 12 25.10.2020

UK-listed fintech Mode becomes first British public company to move part of its capital into Bitcoin

The London Stock Exchange-listed fintech company Mode announced that it had purchased bitcoins worth about £750,000 from its cash reserves, according to Forbes.

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ForkLog 6 13.10.2020

Bitcoin extortionist jailed for 14 years in the United Kingdom

A sheep farmer from Lincolnshire was sentenced to 14 years in prison for extorting Bitcoin worth £1.4m from the Tesco supermarket chain, according to the Daily Mail.

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