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UK
UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts
The U.S. and European Union have also extended sanctions rules to crypto since Russia’s invasion of Ukraine gave way to heightened concerns over the use of digital assets to circumvent restrictions.
Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report
The auditor of Revolut, a digital bank that earns up to 10% of revenue from crypto trading, was criticized by the U.K. accountancy and auditing watchdog, the Financial Reporting Council (FRC).
Liz Truss to Become UK Prime Minister After Winning Conservative Party Leadership
Truss has revealed little about her stance on crypto save for two statements that indicate she may be open to innovative-friendly regulation.
What to Expect From the UK’s Royal Mint NFT Collection
Tokens endorsed by the U.K. government must come with perks to succeed, industry members say.
British National Accused in OneCoin Scam Set to Face US Extradition: Report
Co-accused Robert McDonald avoided extradition on human rights grounds.
Law Society of England and Wales Tells Members to Be Wary of Bitcoin Use in Transactions
"This is a cash transaction so there is a high risk of money laundering," the professional body told its members.
Why Bitcoin Traders Should Care About Double-Digit Inflation in UK
The Bank of England may raise interest rates more aggressively, which could result in a weaker dollar and higher prices in the U.S.
UK Group to Test Stablecoin Payments, Provide Data to Bank of England
The Digital FMI Consortium, a group of private-sector companies, will start a pilot scheme in October and run it for a minimum of a year.
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending.
Crypto.com Exchange Registers With UK Financial Regulator
The registration permits Crypto.com to pursue "certain crypto asset activities."
