Big Tech Finds an Open Door in Downing Street When former Google CEO Eric Schmidt shared the UK’s problem was having “so many ways that people can say no,” he was speaking at an October 2024 investment summit, standing beside Keir Starmer. His presence symbolized more than just admiration for British innovation—it highlighted just how…
The United Kingdom is taking decisive steps toward becoming a world leader in digital asset regulation. On April 29, Chancellor of the Exchequer Rachel Reeves announced the government’s intention to implement a “comprehensive regulatory regime” for the crypto sector, aiming to attract innovation while securing the financial system. The UK Treasury detailed the framework in…
UK authorities intend to prohibit individual investors from acquiring crypto assets through leverage due to apprehensions regarding the volatile nature of digital assets and the risk they pose financially. The UK’s Financial Conduct Authority (FCA) published a document on May 2, outlining its proposed rules for crypto assets, which include this restriction. The FCA’s action…
According to reports, the Financial Conduct Authority (FCA), which is the primary financial regulator in the UK, is considering restricting the ability to use credit to buy Bitcoin and other crypto assets. This stems from concerns regarding straining consumer debt and other financial injuries. The proposal was presented in a new discussion paper that the…
The UK’s Financial Conduct Authority (FCA) is introducing new regulations for cryptocurrencies, urging public and industry feedback on crypto intermediaries, staking, lending, borrowing, and Decentralized Finance (DeFi). The move follows the UK Treasury’s draft legislation, which will formally place a wider range of crypto activities under FCA’s direct supervisory power. The FCA aims to balance…
The United Kingdom is set to introduce draft legislation that will formally regulate cryptocurrency firms, marking the start of increased government oversight on one of the fastest-growing industries in the world. This puts the UK at odds with the European Union’s model while bringing it in line with the United States. The draft legislation seeks…
The UK’s Financial Conduct Authority (FCA) is considering options that may lead to a restriction preventing residents from using credit to acquire crypto assets. As reported by Financial Times on Friday, the FCA wants to restrict companies from enabling residents to purchase crypto using credit cards. This is part of a new discussion document published…
The Financial Times reported on Friday that the UK’s Financial Conduct Authority (FCA) is looking to take action that will considerably limit the ability of retail investors to purchase cryptocurrencies through borrowing. These reported decisions mark a shift in strategy by the financial watchdog to mitigate what is believed to be overly reckless activity in…
The Financial Conduct Authority (FCA) is looking to tighten the rules around cryptocurrency in the UK. A new discussion paper outlines measures aimed at mitigating risk for retail investors interacting with digital assets. Growing UK Market This comes alongside a spike in public interest in digital assets across the UK. Data from August 2024 reveals…
On Tuesday, the United Kingdom’s finance minister, Rachel Reeves, announced that the country is planning to legislate for the proper regulation of crypto-assets. In essence, Reeves’ statement indicates the first steps of the UK government towards establishing a comprehensive legal framework for the digital asset industry, other than laws dealing with anti-money laundering. The statement…
Kryptonary delivers the latest crypto news, market insights, and trends to keep you informed and ahead in the fast-evolving world of digital assets..
