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UK
UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say
Should the country decide to issue a CBDC, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at Keystone Law.
UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support.
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
The U.K. Treasury Committee seemingly opposed the government’s proposal to treat crypto as regulated financial activities in a Wednesday report.
Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules
The U.K. opened its plans for regulating the crypto sector for public comment back in February.
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
The regulator, along with local police, raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.
Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide
The law on promotions is set to come into effect around four months from now if there are no objections, the finance ministry has said.
UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
Court filings urge the resolution of an issue, which could prove key to recoveries for customers and Series B investors.
Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide
The crypto mining company is in a stronger position now, interim CEO El-Bakly said.
UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
The proposal, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.
