United Kingdom | ForkLog

ForkLog 20 14.02.2024

UK Regulator Identifies 450 Cases of Illegal Cryptocurrency Advertising

The UK’s Financial Conduct Authority (FCA) issued 450 warnings to cryptocurrency companies over illegal advertising of their products in the last three months of 2023. The violations were recorded between October 8 and December 31. They involved the lack of company registration with local authorities or approval for promoting cryptocurrencies. Additionally, firms failed to include […]

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ForkLog 8 09.02.2024

Hackers Forge Blockchain.com Email for Phishing Scheme

Officers from the NFIB, a police unit in the United Kingdom, reported the blocking of 43 fake domains associated with phishing activities. Among these, law enforcement identified a counterfeit email address purportedly belonging to the cryptocurrency exchange Blockchain.com. This was used by criminals to contact platform users. NFIB did not specify how many of the […]

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ForkLog 8 31.01.2024

Chinese Woman in UK Accused of Laundering $6 Billion in Bitcoin

A Chinese woman residing in London has been accused of laundering $6.3 billion in bitcoin, allegedly obtained by her acquaintance through investment fraud. This was reported by Law360. According to British prosecutors, 42-year-old Jian Wen converted cryptocurrency into cash, real estate, jewelry, and other luxury items. The transactions were conducted for Zhimin Qian, who allegedly […]

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ForkLog 8 19.12.2023

Revolut to ban cryptocurrency purchases for UK business customers

From 3 January 2024, the fintech company Revolut will ban cryptocurrency purchases for UK business customers.

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ForkLog 15 10.11.2023

Kraken converts $2 million in cryptocurrency to reimburse fraud victims.

The Kraken exchange assisted British police in recovering cryptocurrency stolen from IOTA users in 2018.

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ForkLog 6 26.10.2023

Britain approves bill to simplify confiscation of crypto assets

The Parliament of the United Kingdom has passed the Economic Crime and Corporate Transparency Act. It expands authorities' powers to freeze and seize crypto assets.

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ForkLog 8 24.10.2023

Binance UK chief resigns amid regulatory pressure

The head of Binance's UK arm and, concurrently, CEO of its payments firm Bifinity, Jonathan Farnell, left the company in September.

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ForkLog 7 23.10.2023

Two Solana DeFi protocols block British users

Marinade Finance, the largest DeFi protocol on the Solana network, restricted access to the platform for UK users due to 'compliance issues' with FCA rules.

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ForkLog 5 18.10.2023

Britain becomes Europe’s largest crypto economy with about $252 billion in transactions

The annual volume of crypto transactions in the United Kingdom reached about $252.1 billion. This was the highest figure in Europe and the third-largest globally, according to Chainalysis's report.

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ForkLog 8 09.10.2023

Under the new rules. How crypto firms prepared for the new regime

On 8 October, a new cryptocurrency advertising regime came into force in the United Kingdom. The FCA has already flagged non-compliant firms, and firms have updated apps and websites.

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ForkLog 11 06.10.2023

Komainu wins UK licence to operate as crypto custodian

The UK's Financial Conduct Authority has approved Komainu's registration as a digital asset custodian.

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ForkLog 8 26.09.2023

British Chase Bank to halt transfers to crypto startups

From October 16, the second-largest by assets in the United Kingdom, Chase Bank, will stop processing payments to crypto companies due to an increase in fraud cases related to digital assets. CoinDesk reports this.

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