Tag: Scotland

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Scottish Court Sets Precedent With Crypto-to-Cash Confiscation

Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether…
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The UK’s largest Bitcoin conference comes to Scotland

Over 800 attendees are set to attend the United Kingdom’s largest international Bitcoin conference in Edinburgh, Scotland on Oct. 21. The bear market won’t scuttle Bitcoin’s (BTC) adoption plans in the United Kingdom. From Oct. 21–22 this year, internationally recognized Bitcoin experts, authors and content creators will take part in the United Kingdom’s largest Bitcoin conference to…
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FCA releases detailed 5-point plan to make UK a fintech powerhouse

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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European Space Agency Funds Blockchain Project Recording Satellite Data

The European Space Agency, a major organization dedicated to space exploration, is funding a new blockchain project to boost the world’s mining industry. While Bitcoin (BTC) might not be ready for the moon yet, its underlying technology of blockchain is being increasingly adopted in space. The European Space Agency (ESA), a major intergovernmental organization dedicated…
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