The U.K. Post Office to Facilitate Bitcoin (BTC) Purchases on Swarm Markets

The U.K. Post Office has announced it will offer BTC and other cryptocurrencies via its EasyID app starting next week. The mobile app typically serves as a means for users to verify their age and identity while accessing online services.  Opening Up DeFi to More Folks Now, U.K residents will be able to purchase crypto… Continue reading The U.K. Post Office to Facilitate Bitcoin (BTC) Purchases on Swarm Markets

U.K. health minister resigns after breaching coronavirus rules

LONDON (AP) — U.K. Health Secretary Matt Hancock, who has led the country's response to the coronavirus, resigned Saturday, a day after apologizing for breaching social distancing rules with an aide with whom he was allegedly having an affair. Hancock had been under growing pressure since the tabloid Sun newspaper published images showing him and… Continue reading U.K. health minister resigns after breaching coronavirus rules

U.K., E.U. head for supper showdown over Brexit trade deal

BRUSSELS — The leaders of Britain and the European Union were meeting Wednesday for a dinner that could pave the way to a post-Brexit trade deal — or tip the two sides toward a chaotic economic rupture at the end of the month. Early morning comments from both sides, insisting that it was for the… Continue reading U.K., E.U. head for supper showdown over Brexit trade deal

U.K.: FCA Ban on Crypto Derivatives to Have Minimal Impact on Market, Experts Say

The U.K. FCA’s decision to ban the sale of crypto derivatives to retail customers seems to be having minimal impact. Crypto Market Unfazed The U.K. financial watchdog’s decision to ban the sale of cryptocurrency derivatives to retails investors seems to be having little to no impact on the infant market’s dynamics, according to analysts and… Continue reading U.K.: FCA Ban on Crypto Derivatives to Have Minimal Impact on Market, Experts Say

U.K. Authorities Seek to Regulate Bitcoin Related Adverts  | BTCMANAGER

Her Majesty’s Treasury (HMT), in collaboration with the government of the United Kingdom, has put up a proposal that seeks to give the country’s financial watchdog, the Financial Conduct Authority (FCA), the power to regulate some crypto-related advertisements in the region. The primary objective of the move is to promote consumer protection and curb the… Continue reading U.K. Authorities Seek to Regulate Bitcoin Related Adverts  | BTCMANAGER

Electron Partner U.K. Authorities, Launches DLT-Based Energy Trading Solution | BTCMANAGER

Electron, a London-based entech firm that focuses on building infrastructure for a cleaner, cheaper energy, has joined forces with the U.K’s Department for Business, Energy & Industrial Strategy (BEIS), to roll out Project TraDER, a blockchain-based renewable energy trading platform in the Orkney islands, reports Ledger Insights on May 21, 2020. Energy Trading Powered by… Continue reading Electron Partner U.K. Authorities, Launches DLT-Based Energy Trading Solution | BTCMANAGER

U.K. FCA Says Bitcoin Evolution Crypto Exchange Not Permitted in the Country | BTCMANAGER

The Financial Conduct Authority (FCA) recently added a crypto exchange company, Bitcoin Evolution, to its warning list. According to the U.K. regulator, residents should be cautious of the platform, as is not authorized by the FCA to operate in the country.  Bitcoin Evolution Operating Illegally in the U.K The FCA issued the warning via its… Continue reading U.K. FCA Says Bitcoin Evolution Crypto Exchange Not Permitted in the Country | BTCMANAGER

U.K.: Lloyd’s Set to Debut Crypto Insurance Services | BTCMANAGER

UK-based insurance behemoth Lloyd’s of London has announced its move to provide crypto-insurance services for funds held in cryptocurrency hot wallets. Lloyd’s Atrium Targets Crypto Insurance Scene According to The Times, insurance giant and the U.K’s oldest marketplace Lloyd’s of London has launched a new policy geared towards protecting crypto investors. The company announced the… Continue reading U.K.: Lloyd’s Set to Debut Crypto Insurance Services | BTCMANAGER

U.K. FCA Orders Epayments Systems to Halt Operations Due to AML Concerns  | BTCMANAGER

The Financial Conducts Authority (FCA), the United Kingdom’s financial watchdog, has ordered Epyments Systems Limited, a licensed electronic money institution founded in 2011, to halt its operations until it fixes the loopholes in its anti-money laundering (AML) procedures, according to a statement by the firm on February 11, 2020. FCA Orders Epayments to Suspend Operations … Continue reading U.K. FCA Orders Epayments Systems to Halt Operations Due to AML Concerns  | BTCMANAGER

U.K.: Ziglu Cryptocurrency Bank Eyes 2020 Debut | BTCMANAGER

Mark Hipperson, the former head of Barclays, recently shared his plans of launching a new digital banking venture dubbed Ziglu in the U.K. in 2020. This, according to a report by San Francisco Tribe, January 6, 2020. Ziglu to Bolster the U.K. Financial System The U.K. has recently found itself engulfed in the cobweb of… Continue reading U.K.: Ziglu Cryptocurrency Bank Eyes 2020 Debut | BTCMANAGER

Leaked memos reveal U.K. ambassador’s scathing views on Trump administration

President Donald Trump responded angrily to the leak of a cache of memos from the U.K.’s ambassador to the U.S., Sir Kim Darroch, which described the Trump administration as “uniquely dysfunctional”—and caused an immediate political row in London. The leak of the memos, meant only for the eyes of the British government but acquired by… Continue reading Leaked memos reveal U.K. ambassador’s scathing views on Trump administration

FCA: Cryptocurrency And Forex Scams Tripled In the U.K. Over The Past Year

The U.K. financial watchdog earlier today released a report that indicates that cryptocurrency and forex scams have more than tripled over the past year. However, the total number of losses has reduced by around $4 million. Losses From Cryptocurrency And Forex Scams Have Reduced The report cites data from Action Fraud where the Financial Conduct… Continue reading FCA: Cryptocurrency And Forex Scams Tripled In the U.K. Over The Past Year

UK Regulators Still Probing 18 Businesses Over Cryptocurrency Dealings: Report

The United Kingdom’s finance watchdog the Financial Conduct Authority (FCA) has revealed that it is investigating 18 companies over cryptocurrency use, local daily news outlet the Telegraph reported Dec. 29. Responding to a Freedom of Information Act (FOI) request from the publication, the FCA said it had closed the vast majority of its investigations into… Continue reading UK Regulators Still Probing 18 Businesses Over Cryptocurrency Dealings: Report

Treasury Committee Criticizes U.K. Regulators’ “Unsustainable” Crypto Stance

The parliamentary report published by the UK Treasury Committee has advocated for regulation of the “wild west” crypto-assets sector. The report criticizes the “ambiguity” of the current stance of UK regulators, arguing that with effective regulations, the United Kingdom could become a “global center” for the emerging cryptocurrency sector. Also Read: Brazil’s Biggest Banks Under… Continue reading Treasury Committee Criticizes U.K. Regulators’ “Unsustainable” Crypto Stance

U.K. Lawmakers Believe Britain’s Cryptocurrency Market Should Be Regulated | BTCMANAGER

British lawmakers mentioned on September 19, 2018, that the cryptocurrency market needs urgent regulations. The Government should take action to protect retail investors from volatile prices, technical vulnerabilities, and position U.K. to become a global leader in the cryptocurrency industry, given its position as a financial hub. Lack of Comprehensive Rules for the Crypto industry… Continue reading U.K. Lawmakers Believe Britain’s Cryptocurrency Market Should Be Regulated | BTCMANAGER