Category: United Kingdom

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UK police council reports there are officers in every unit trained for crypto enforcement

The NPCC’s Andy Gould said that the U.K. police had the capability to address illicit uses of crypto, but still faced challenges including incentives to join the private sector. The detective chief superintendent for the United Kingdom’s National Police Chiefs’ Council has said all police forces in the country have officers trained for investigations involving…
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British MP Lisa Cameron on Bitcoin and UK becoming international crypto hub

In an exclusive interview with Cointelegraph, U.K. Member of Parliament Lisa Cameron said there is a “vision” that the U.K. will become an international hub of crypto and digital assets. The United Kingdom could be warming to Bitcoin (BTC) and crypto. Taking a timeout from Scotland’s first major Bitcoin conference, Cointelegraph spoke to Lisa Cameron,…
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Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT

The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be richer than King Charles. He is also a firm crypto supporter. Rishi Sunak is set to become prime minister of the United Kingdom within days. Sunak was defeated for the top government post by Liz…
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UK inflation rate hits 10.1%, British Bitcoin community responds

The British Bitcoin community wades in on the latest inflation print, which once again hit the double digits in the United Kingdom. Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices Index (CPI) rose by 10.1% in…
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FCA green lights Revolut, making no UK crypto firms operating under temporary status

Revolut had been the last “holdout” out of the 12 companies originally granted FCA temporary registration to continue offering crypto services in March. The United Kingdom’s Financial Conduct Authority, or FCA, has added cryptocurrency-friendly payments app Revolut to its list of companies authorized to offer crypto products and services in the country. In a Monday…
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UK gov’t introduces bill aimed at empowering authorities’ to ‘seize, freeze and recover’ crypto

King Charles announced the bill in May to both houses of the U.K. Parliament, saying it was aimed at tackling illicit finance, reducing economic crime and helping businesses grow. The government of the United Kingdom has introduced a bill aimed at cracking down on money laundering and fraud, specifically by expanding the authorities’ ability to…
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Raising a glass to Satoshi’s Place and the challenge of running Bitcoin businesses

A Bitcoin-themed bar and education center has popped up in Northern England and Cointelegraph swung by to interview the founder and raise a glass. Cointelegraph took a trip to Satoshi’s Place on Friday, a Bitcoin (BTC) hub in Greater Manchester. Named after the anonymous creator of the world’s largest and most widely accepted cryptocurrency, the…
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British regulator lists FTX crypto exchange as ‘unauthorized’ firm

The Financial Conduct Authority claims that the company “may be providing financial services or products without authorization.” The Financial Conduct Authority (FCA), the chief financial regulator in the United Kingdom, issued a warning to Bahama-based crypto exchange FTX, claiming it operates without authorization. The company joined a growing list of unregistered cryptocurrency-related businesses that continue…
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Law Decoded, Sept. 5–12: The pressure is growing in the US

Last week regulators worried about the “de-integration” of financial sector and global energy consumption — all because of crypto. While last week brought no troubles from the market side of the crypto industry — no operations frozen, no bankruptcies filed — the United States regulators made some explicitly negative statements.  Recently appointed U.S. Federal Reserve…
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Huobi wins license in the British Virgin Islands, no timeline for the UK yet

Huobi positions its subsidiary Brtuomi Worldwide as one of the first exchanges to provide compliant crypto derivatives and trading services in the British Overseas Territory. Major cryptocurrency exchange Huobi continues to expand its global footprint by entering the British Virgin Islands, a British Overseas Territory. Huobi officially announced on Friday that it secured an investment…
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