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UK
Abrdn Buys Stake in Digital Exchange Archax
With the investment, the U.K. asset manager has become Archax's largest outside shareholder.

UK Parliamentary Group Starts Crypto Inquiry to Form Policy Recommendations
The group is asking industry experts, regulators and the government to weigh in on a range of topics including consumer protection and CBDCs.

UK Crypto Investors Should Limit Holdings, Financial Regulator Says
The crypto crash only hardened the Financial Conduct Authority’s determination to impose restrictions such as banning refer-a-friend bonuses.

Law Commission of England and Wales Sees Crypto as a New Type of Property
Changing personal property law to cover crypto and NFTs could protect investors against losses through hacks and system failures, the commission says.

UK Markets Bill Extends Banking Rules to Crypto Assets
The U.K. introduced the bill, which also addresses stablecoins, to Parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week.

UK Regulators to Introduce Rules for Stablecoins in New Markets Bill
The much-anticipated financial services and markets bill to be presented to Parliament includes rules for the use of stablecoins as a means of payment.

UK Court Allows Serving Legal Documents Via NFTs
The ruling will allow legal proceedings against otherwise anonymous persons through their wallet addresses.

UK Lawmakers Start Inquiry Into Crypto Use
Parliament's Treasury Committee is requesting evidence on matters such as the possibility of digital currencies replacing fiat money and the effect of crypto on social inclusion.

Policy Makers Should Get On With Regulating Crypto, BOE’s Cunliffe Says
The Bank of England’s deputy governor said regulators should accelerate crypto rulemaking. If certain risks involving crypto can’t be managed, related activities must be stopped.
