UK Banks Settle Real Deposits on Shared Blockchain in Landmark Pilot
TL;DR Seven UK banks completed real pound sterling transactions on a shared blockchain infrastructure as part of the GBTD pilot. Two remortgages and a marketplace payment
United Kingdom (Latest Publications)
Polymarket Lobbies UK, EU to Label Contracts Financial Products, Not Gambling: FT
TL;DR Polymarket is pressing regulators in the UK and the EU to have its contracts classified as financial products rather than gambling. The platform is seeking
FCA Outlines How Incoming Rulebook Applies to Crypto Firms Ahead Authorization Window
The FCA published this week its regulatory perimeter guidance for crypto firms, two weeks before authorization applications open on September 30. The deadline to submit applications
UK Commits $676M and 500 Officers to Major Money‑laundering Crackdown
TL;DR The UK will allocate £500 million and 500 new officers to combat money laundering through a new national strategy. The National Crime Agency estimates that
UK Crime Agency Targets Advanced Crypto Laundering Tactics In New Enforcement Push
TL;DR The UK’s National Economic Crime Centre warned about the innovative use of crypto assets for large-scale illicit funds laundering. Crypto assets rank third among nine
FCA Holds Talks on Easing Retail Ban for Financial Prediction Markets, Times
The UK Financial Conduct Authority (FCA) is holding talks with trading platforms about the possible relaxation of its ban on financial prediction markets for retail investors, according to The Times.
U.S. and U.K. Launch Joint Crackdown Targeting Global Crypto Scam Networks
TL;DR: The U.S. and U.K. signed a landmark agreement to combat crypto scams, conducting parallel investigations and sharing information between agencies. Losses reported to the FBI
UK Authorities Freeze Premier League $13.5M Account In Crypto Investigation
TL;DR The UK’s National Crime Agency froze more than £10 million ($13.5M) in a Premier League bank account. The frozen funds correspond to Sorare’s first payment
The United Kingdom Plans New BoE Mandate to Support Stablecoin Innovation
TL;DR The United Kingdom plans to incorporate a formal secondary objective into the Bank of England to drive innovation in stablecoins and digital payments. The BoE
UK Reopens Nigel Farage Probe Over Millions in Crypto-Linked Gifts
The UK Parliamentary Commissioner for Standards has resumed its investigation into Reform UK leader Nigel Farage following his reelection as an MP for Clacton on August
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