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UK
UK Crypto Promotions Laws Hoped to Be in Place by Late 2023
The Financial Services and Markets Act amendment, which would enable the new rules, will soon be discussed in Parliament.
UK Treasury Cancels Plans for Government-Backed NFT
Initially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review.
The UK Has Created Crypto Banking Problems
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.
UK Crypto White List Needed to Solve 'Debanking,' Lobby Group Says
British banks have said they keep customers away from crypto for their own protection.
UK to Add Crypto Declaration in Tax Forms
Taxpayers will have to record their crypto gains separately as of next year, the U.K. Treasury said.
UK Bank NatWest Limits Daily Crypto Payments to $1,200
Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds ($6,090) over a 30-day period.
Binance GBP Funding On-/Off-Ramp to Be Suspended in May
The exchange was notified by its fiat partner that it will no longer provide British pound deposit and withdrawal services.
HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound
Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.
UK’s FCA Can’t Protect Crypto Investors From Losses, Says Agency’s CEO
Nikhil Rathi made the remarks in testimony in front of the Treasury Select Committee on Wednesday.
UK Financial Regulator Expands Enforcement Against Crypto ATMs to East London
The FCA began taking action against illegal crypto ATMs last month, inspecting sites in the northern city of Leeds.
