Category: UK Government

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FCA releases detailed 5-point plan to make UK a fintech powerhouse

February 26, 2021

A 108-page report details how the United Kingdom can retain its status as one of the global centers for fintech innovation and business. Upon the announcement of the United Kingdom budget for 2020, Chancellor Rishi Sunak commissioned Ron Kalifa to conduct an independent review of the U.K. fintech sector. On Friday, eight months later, the…
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Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins

January 8, 2021

In addition to trying to define stablecoins, the U.K. is looking to establish how close it wants its crypto laws to be to other countries. Her Majesty’s Treasury requests and requires the crypto industry’s input on prospective regulation. In a Thursday announcement of open consultation, the United Kingdom’s finance policy department is asking the crypto community…
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