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"For me, recent events in the crypto market reinforce the case for timely, clear and effective regulation," Griffith said. "The Financial Services and Markets Bill already enables us to establish a framework for regulating crypto assets and stablecoins in the U.K., and we will be consulting on a world-leading regime
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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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Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990 and it may be the worst since
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However, in a report from June 2021, Kwarteng’s department identified blockchain systems as one of the “seven technology families that will transform our economy in the future.” In July, his previous department announced a 53 million British pound (US$61.3 million) fund for supporting technological innovation, including the use of blockchain
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The bear market won’t scuttle Bitcoin’s (BTC) adoption plans in the United Kingdom. From Oct. 21–22 this year, internationally recognized Bitcoin experts, authors and content creators will take part in the United Kingdom’s largest Bitcoin conference to date.Organized by the Bitcoin Collective, a newly formed Bitcoin company, and in partnership with Bitcoin
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UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come from backgrounds in policing.Director of payments and digital assets is
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Summary: The UK is looking to transform Britain into a crypto hub. However, the UK’s digital minister has issued caution as they want to have proper investor protections. The UK also wants to create measures to guarantee crypto will not be used for money laundering or circumventing global sanctions. The UK’s digital minister, Chris
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In April, the United Kingdom’s Economic and Finance Ministry, also known as Her Majesty’s Treasury, announced its intention to put the United Kingdom at the forefront of technology by bringing stablecoins under the country’s payments regulation — a bold move that looks especially intriguing in contrast to the recent shock,
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Speaking at the FT Digital Asset Summit, David Raw, FCA co-director of consumer and retail policy, said that while the U.K. Treasury was enamored with “the exciting opportunities" of attracting crypto firms, his agency was focused on the risks. "I think perhaps traditionally or perhaps a little too much the
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