British Virgin Islands Court Orders 3AC Founders to Attend Examination on May 22
The 3AC founders will be found in contempt of court if they fail to reply to the order. Source
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British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams – Bitcoin News
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer
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British authorities split on banning sale of crypto investment products
The policy decision-makers in the United Kingdom got split on whether the sale, marketing, and distribution of derivatives and exchange-traded notes (ETNs) tied with cryptocurrencies should be prohibited when it comes to retail investors. The Regulatory Policy Committee believes the measure, adopted in 2021, to be unjustified under current circumstances. The
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British PM Rishi Sunak Revives Arm London IPO Listing Plans
The UK PM has been in renewed talks with relevant stakeholders regarding an Arm IPO listing on the London Stock Exchange. British Prime Minister Rishi Sunak has revived discussions with Japan’s SoftBank Group Corp regarding an Arm Ltd London IPO. According to the Financial Times, the chip designer is highly sought
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British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations
This is the third Canadian province to limit the industry's growth as it looks to preserve capacity for communities. Source
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British Columbia to halt new power connections for crypto miners
A state-owned electric utility provider in the Canadian province of British Columbia is set to halt all new electricity-connection requests from cryptocurrency miners for a period of 18 months. The British Columbia government made the announcement in a statement on Dec. 21 stating that the pause will allow the government and
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UK inflation rate hits 10.1%, British Bitcoin community responds
Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August. The 10.1% figure mirrors July’s recent
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Bitcoin, British Pound trading volume soars 1150% as UK’s currency risks dollar parity
Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin.That was the conclusion from Gabor Gurbacs, strategy adviser at investment giant VanEck, one of many flagging Bitcoin’s appeal over the pound this week.UK becomes fertile ground for Bitcoin
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Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar
On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors' doubts about the government's capacity to withstand the growing costs of living
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British regulator lists FTX crypto exchange as ‘unauthorized’ firm
The Financial Conduct Authority (FCA), the chief financial regulator in the United Kingdom, issued a warning to Bahama-based crypto exchange FTX, claiming it operates without authorization. The company joined a growing list of unregistered cryptocurrency-related businesses that continue to outweigh those signed up with the FCA. A warning note, dated Sept.
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