Tag Archives: uk

CoinspeakerUK Expands Crypto Asset Seizure Powers to Tackle Criminal Activity The Unite­d Kingdom's proactive approach paves the way for secure crypto environments. UK Expands Crypto Asset Seizure Powers to Tackle Criminal Activity

The Financial Conduct Authority (FCA) in the UK has declared its intention to address meme-based marketing for financial products by releasing guidelines for financial services firms and social media influencers. The FCA’s latest report comes after its announcement last month that it will take action against firms engaged in illegal financial promotions. FCA Releases Guidelines for Memecoin Influencers The United Kingdom’s financial regulator has released guidelines for...

Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC funds. The Bitcoin Laundering Case Wen was found with Bitcoin valued at over £2 billion, which she had been involved in converting into assets such as multi-million-pound...

The Financial Conduct Authority (FCA) has issued 450 warnings to companies unlawfully promoting cryptocurrency assets from October 8, 2023, to December 31, 2023. The regulatory agency is currently collaborating with technology firms to eliminate and block unauthorized advertisements across various platforms like websites, mobile apps, and social media accounts. This effort led to the removal of 35 apps from App Stores by the end of December 2023. FCA Battles Illegal Crypto...

Phishing attacks have wreaked havoc in the crypto industry. In a recent move to combat cyber fraud, the National Fraud Intelligence Bureau (NFIB) in the United Kingdom announced the blocking of 43 web domains associated with fraudulent activities. Spearheaded by the City of London Police, this crackdown follows the discovery of a spoof email address masquerading as the legitimate crypto site blockchain.com. 43 Suspicious Web Domains Blocked According to Pete O’Doherty, the...

Although far behind the United States in terms of revenue and the number of users, the UK crypto industry maintains a strong pace of growth, growing much faster than the world’s largest crypto market. According to data presented by AltIndex.com, the UK crypto industry grossed $1.9bn this year, showing a massive 137% year-over-year growth. This figure is expected to double and hit $3.77bn by 2027. The Fastest-Growing Crypto Industry Among the Top Five Markets Over the years, the United Kingdom...

British investment managers have received approval to create tokenized funds, marking a shift towards using blockchain technology in mainstream asset management. The country’s trade body gave the green light on Friday, allowing funds to be split into smaller digital tokens backed by blockchain technology. UK Investment Managers to Launch Tokenized Funds The Investment Association announced that funds authorized by the UK’s Financial Conduct Authority (FCA) can begin creating...

The United Kingdom is set to implement new regulations allowing authorized financial firms to work with overseas stablecoins. The new regulatory framework will be supervised by the Bank of England, the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) with a focus on minimizing potential risks and ensuring customer protection. UK to Permit FCA Authorized Firms to Collaborate with Oversees Stablecoins According to the UK Stablecoins Regulation, the UK...

In a bold move aimed at safeguarding consumers, the FCA added 145 digital asset companies, including major exchanges Huobi-owned HTX and KuCoin, to its warning list. This decision follows the FCA’s expansion of regulations to include cryptoasset service providers, regardless of their geographical location. Cracking Down on Crypto The United Kingdom’s Financial Conduct Authority (FCA) has taken a decisive step in its efforts to safeguard consumers and regulate the growing...

Die Fintech-Industrie hat in den letzten Jahren eine rasante Entwicklung durchgemacht. Eine Vielzahl von Start-ups ist auf den Plan getreten und hat traditionelle Bankdienstleistungen herausgefordert. Eines dieser Start-ups, das sich in dieser hyperkompetitiven Landschaft durchsetzen konnte, ist WISE, ehemals als TransferWise bekannt. Aber wie wurde WISE zum bekanntesten Fintech der Welt? Humble Beginnings Die Geschichte von WISE beginnt im Jahr 2010, als Kristo Käärmann und Taavet Hinrikus...