Tag Archives: uk

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...

The Monetary Policy Committee promises to keep an eye on the indications of the long-lasting inflationary pressures in the economy. It plans to monitor the labor market, wage growth, and hike in service prices. The Bank of England hit the market with a 50 basis point hike to interest rates in the UK. The UK central bank announced the rates hike on Thursday after the Monetary Policy Committee voted to favor the increase. Notably, this marks the 13th consecutive increase as the...

Global Startup Ecosystem Report 2020: London ist Europas Nummer eins an der Spitze der weltweiten Startup-Regionen, Berlin fällt zurück Aktuell zieht Grossbritannien die Einführung einer digitalen Währung in Betracht. Das digitale Pfund (oder auch Britcoin) ist als Ergänzung zum Bargeld geplant. Die Bank of England würde es zukünftig herausgeben – allerdings erst in der zweiten Hälfte dieses Jahrzehnts. Einfach, vertrauenswürdig und zugänglich – das...

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Der Schweizer Markt gehört zu den am schnellsten wachsenden Märkten von Revolut in Europa. zusammen mit Ländern wie Italien, Portugal, Irland, Rumänien und Polen. Die britische Neobank Revolut erlitt am Abend des 10. Septembers 2022 einen Cyberangriff, bei dem Kundendaten gestohlen wurden. Konkret handelt es sich dabei um Daten von mehr als 50 Tausend Kunden, wovon knapp 20 Tausend aus dem Raum der Europäischen Union stammen. Zuerst bekannt wurde es...

London by Night Foto CC0 Public Domain via Unsplash In the United Kingdom, a bill is ready that aims to regulate stablecoins as a means of payment. The aim is to match emerging technology with existing financial services rules. Regulating stablecoins The UK Treasury has said that it wants to regulate certain types of stablecoins. The bill – which seeks to make stablecoins a means of payment – aims to phase out the current legislation. The...