United Kingdom | ForkLog

ForkLog 18 25.04.2023

UK to allocate £100m for ‘sovereign AI’

The UK government will allocate £100m ($125m) to create the Foundation Model taskforce to spur the development of 'sovereign AI'.

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ForkLog 8 14.04.2023

Governor of the Bank of England calls for regulating stablecoins on a par with fiat

Stablecoins must meet the same rules as fiat, and proper supervision is necessary to ensure financial stability, according to Andrew Bailey, the Governor of the Bank of England.

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ForkLog 7 13.04.2023

London Stock Exchange to clear Bitcoin derivatives

The London Stock Exchange's clearing arm will begin providing clearing services for Bitcoin index futures and options traded on the GFO-X platform.

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ForkLog 18 10.04.2023

Journalists reveal Bank of England forming a team to launch a CBDC

The Bank of England plans to form a team of 30 specialists to develop the digital pound. The Sunday Times reports this.

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ForkLog 16 07.04.2023

UK regulators publish seven-point checklist on crypto advertising

The FCA and ASA have published a seven-point checklist for crypto advertising, urging influencers to seek FCA approval, ensure ads are legal and truthful, and label them as sponsored content. They warn that promoting financial products illegally carries penalties and have partnered with former reality TV participant Sharon Gaffka to highlight crypto marketing risks. Earlier, the UK unveiled a three-year plan to counter economic crime; in February, the FCA warned that breaches of promo rules could carry prison time.

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ForkLog 15 05.04.2023

Analyst forecasts exodus of major crypto firms from the United States

Regulatory considerations in the United States will force local crypto firms to leave the country and establish headquarters in other jurisdictions. This was stated by former Goldman Sachs executive and macro-investor Raoul Pal.

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ForkLog 6 03.04.2023

UK banks tighten rules for crypto firms, reports say

UK-based crypto firms have been having trouble accessing banking services. According to Bloomberg sources, banks have been denying applications, freezing accounts, and requesting more information about client transactions.

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ForkLog 18 31.03.2023

Britain to tighten cryptocurrency regulation

The British authorities have unveiled a three-year “Economic Crime Plan,” which includes measures to strengthen countermeasures against the use of cryptocurrencies for criminal purposes.

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ForkLog 16 17.03.2023

Bitcoin to be listed in a separate category on Britain’s tax returns

From 2025, income from digital assets will be defined in a separate section in Britain's tax return forms. This follows amendments to the national budget, presented by the Treasury.

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ForkLog 25 15.03.2023

Report: Moscow City exchanges help cash out USDT in the United Kingdom

Several cryptocurrency platforms operating in the Moscow City office complex provide anonymous cross-border transfers, including to the United Kingdom.

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ForkLog 16 15.03.2023

NatWest and Paysafe restrict payments to cryptocurrency exchanges

British firms NatWest and Paysafe have imposed restrictions on customers' transactions related to digital assets.

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ForkLog 21 14.03.2023

Binance halts deposits and withdrawals in pounds sterling

Binance halted deposits and withdrawals in pounds sterling for new users as of March 13. For all others, the ban will take effect on May 22, according to The Block.

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