Starling Bank chief warns that cryptocurrencies threaten payment systems
Digital currencies pose a threat to the security of the global payments infrastructure. This was stated by Starling Bank founder and CEO Anne Boden, according to CNBC.
Starling Bank chief warns that cryptocurrencies threaten payment systems
Digital currencies pose a threat to the security of the global payments infrastructure. This was stated by Starling Bank founder and CEO Anne Boden, according to CNBC.
UK proposes measures to guard against a stablecoin crash
Her Majesty's Treasury has published for public consultation a document introducing additional safeguards against the collapse of stablecoins.
UK fines Clearview AI £7.55m ($9.5m)
UK authorities fined the controversial startup Clearview AI £7.55 million ($9.5 million) for unlawfully extracting residents' face images from social media and the open internet.
FCA urged to take TerraUSD collapse into account in regulatory work
The UK's Financial Conduct Authority (FCA) should “take into account” the recent volatility in the cryptocurrency market as it works on the regulatory framework for the industry, said Sarah Pritchard, the agency's executive director, in an interview with Bloomberg.
British Treasury rules out legalising algorithmic stablecoins
The British Treasury will include regulation of stablecoins as a payment mechanism in the Financial Services and Markets Bill, The Telegraph reports.
UK regulator boosts budget by £24m amid crypto-related risks
The Bank of England's Prudential Regulation Authority (PRA) has increased its budget for the coming financial year. The extra resources will be used to address risks related to digital assets.
UK Treasury to legalise stablecoins and issue NFTs
The British Treasury has announced plans to legalise stablecoins and gradually recognise them as a lawful means of payment.
UK extends temporary registration regime for a number of crypto firms
From 1 April 2022, the temporary registration regime for crypto firms will cease to apply in the UK. The FCA said it would make exceptions for a 'small number' of firms whose applications were not fully processed.
BoE outlines approach to regulating cryptocurrencies
The Bank of England (BoE) published the framework principles for shaping the regulatory and legal framework for cryptocurrencies, focusing on the future risks posed to financial stability by a new class of assets.
FTX to enter UK spot crypto market after regulator’s approval
The crypto exchange FTX has begun talks with UK regulators as part of plans to expand into the European market. In an interview with The Block, Patrik Grun, head of FTX Europe, said.We use cookies to improve the quality of our service.
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