Search Results for "united kingdom"
NVIDIA Partners with the UK to Revolutionize AI Infrastructure and Economic Growth
NVIDIA collaborates with the UK, investing in AI infrastructure to drive innovation, economic growth, and job creation, marking a significant step in the AI industrial revolution.
U.K. Central Bank and Treasury Believe Digital Pound is Needed
The Bank of England predicts a UK CBDC by 2030.
UK Treasury Drafting Private Stablecoin Regulations and Researching CBDC with BoE
The United Kingdom’s Treasury Department has announced it is drafting private stablecoin regulation while it continues central bank digital currency (CBDC) research.
Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin
Two UK firms employ ATM stablecoins to make Britain a "crypto centre."
The United Kingdom Tax Reform Council Launches Campaign Against Bank of England
UK Tax Reform Council and Bitcoin community worry over Bank of England's CBDC intentions.
British Farmer Attempted £1.4M Bitcoin Extortion from Tesco by Contaminating Baby Food
Nigel Wright, a 45-year-old sheep farmer from Lincolnshire, England, has been accused of trying to extort Bitcoin worth £1.4 million, approximately $1.8 million, from retail giant Tesco. He made this blackmail to reveal the Tesco stores he had planted the contaminated baby food.
The United Kingdom's Financial Conduct Authority is cracking down on unregistered cryptocurrency
West Yorkshire crypto ATM operators were penalized by the Financial Conduct Authority.
UK FCA Regulator Proposes Mandatory AML Data Reports from Cryptocurrency Firms
The United Kingdom’s Financial Conduct Authority (FCA) has proposed obligatory AML reporting requirements for crypto exchanges.
The UK's Regulatory Policy Committee is Against the FCA
The Regulatory Policy Committee thinks the 2021 action is unjustified now. The Department for Business, Energy, and Industrial Strategy funds the committee. The restriction is "red," meaning it's unsuitable.
Starling Bank prohibits crypto purchases and deposits citing danger
Starling has banned crypto-related activity for its cards. Customers can't buy cryptocurrency or accept inbound transactions from exchanges or businesses. The online bank informed clients and posted on Twitter.
Charity Commission investigating Effective Ventures Foundation over ties to FTX
The Charity Commission for England and Wales began the probe because crypto exchange FTX is a "major sponsor" of Effective Ventures Foundation.
The U.K. government is recruiting for a head to its central bank digital currency project
The U.K. is hiring a central bank digital currency (CBDC) chief to establish a digital pound. CBDCs promise financial inclusion and lower corporate and consumer expenses. A former Bank of England senior advisor opposed CBDCs. In 2021, 23 million Brits did not use cash, and fewer than 15% of payments are done using cash.
